Seems to be your current process is working so it'd be a gamble to switch it up.

I'm in the process of finding cash buyers and building that relationship in my virtual markets.

I know it can look scary especially with tight cash flow, but since you've already purchased the property keep a positive attitude and trust the process!

To secure a traditional loan, you will be asked to provide various documents, including tax returns, proof of employment, and pay stubs from the last 30 days, as well as W-2 forms covering the past two years, among others.On the other hand, a DSCR loan is designed for investors seeking a 30-year fixed-rate mortgage but do not meet the DTI requirements or wish to avoid extensive paperwork and bureaucracy.

Purchase price: $180,000 Cash invested: $85,000 This is a short term rental I renovated and designed.

I was wondering if anyone has had any success or can share insight about the process of assuming a loan from a seller when acquiring a property. 

Unless you keep them and rehab them between tenants you’re missing part of the educational process. :-)  

It is rated for indoor/outdoor use and designed to get wet. 

I actually have the EIN ready when I was in the process of establishing my LLC.

The good news is that you have a strong due diligence process and it worked!