Have you considered tapping into your existing rental equity for the down payment?

I buy homes as a primary residence with 5% down and move into them keeping my previous as a rental and the area that I live doesn't have new builds that would work for us, otherwise I would buy a new build. 

Instead of discussing the possibility of owner finance with sellers - what if I offered the opportunity to  JV where they are the equity partner?   

-It doesn't appear you are contributing any of the equity.

In most cases, I don't recommend renting out your primary residence especially if you have no rental experience and that is because usually your primary residence was bought without the idea of renting it out.  

It sounds like she's been renting, so there is no equity in her home. 

We are still building our biz and use our extensive personal labor to increase our equity in the business (which we then (partially) use to purchase more properties and pay off the cost of renovations).

Investment Info:Single-family residence buy & hold investment in Seminole.

Years later versus equity buildup.  4.  

Lol.Legal definitions aside,  I DO get a significant equity bump upon conversion of a SFR 3/2 with an office to a SFR 4/2 because of the simple addition of a closet.