The general understanding throughout the industry is that 2 tax reporting years meets this qualified use rule.

But if you're doing 1031's and putting more down were a solid option.

Commercial brokers understand that seller financing, either as a first lien on property the seller owns free and clear, or as a second or wrap, can be necessary to conclude a sale.  

Fortunately I did not buy this cabin at peak price so it should remain a solid investment, but it is helpful data for how to look at potential purchases moving forward.

Your setup seems pretty solid with the note purchase agreements, but it never hurts to explore new options.

I understand that the age and quality of the home will impact when these expenses become due, but I'm curious if I could get somebody in the Austin area to take a look at the estimates I put in here: https://docs.google.com/spreadsheets/d/1jgP6aod25qWJzKWQXhto...

I was considering being an agent because it would put me in the community, while potentially honing my skills and relationships while earning a solid income to invest pending my results.

Also, make sure you read through and understand their warranty process.

Set up purchase criteria that will define success for you, an arbitrary minimum purchase price is not a great criteria, instead I would use something like proximity to good schools, neighborhood improvement trends, etc.Finding good deals is really tough right now so it is important to have criteria that are solidly grounded and based on reasons that will steer you toward profits.

I recommend you find a PM who knows how to protect your property, income, time, and sanity with solid processes.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.