I met with Wicked Smart today and was told they help you set up a lead sourcing system, help you structure creative financing - which is essentially lease option/purchase, subject to and owner financing....all strategies I am interested in learning more about.

Curious if there are software options for managing both types of rentals.

Seller will be taking a 30k+ loss with this route.325k with 50K down to seller, 3 years of payments $1600/month, and a balloon payment of 215k at the end of 3 years.Benefits to me: (1) 10k less downpayment, (2) with the conventional route, the loan would be at 228k after 3 years of payments, so I will gain additional equity with the 2nd option since I will owe 215k (presumably I will have to refinance at that time).Benefit to seller: she gets over asking price, 50K upfront and $300/month of cash flow.Does this offer and structure sound reasonable?

Once they are leased, then you can take over from there.There are several software options if you want to self manage.

However, if you learn the different options available and then figure out what they really want, you can often negotiate a killer deal.

And countless other options.

@Karen WanamartaThe zoning is R2, which includes a wide variety of options that includes multifamily, which is defined in the general plan below in this excerpt. 

No syndication experience but there are about a dozen quality RV/Mobile home parks on market in Oregon, several with owner carry options that can be passiv-ish with management in place.

Cleveland is another solid option.

Conventional can be a good starting point for your first properties because of the lower rates, but for entities and if you are planning to scale, DSCRs are great option since they focus on the property’s rental income rather than your personal income.