Chris, i'm definitely not opposed to lending it but not sure for my first endeavor i want to spend over 10k until i get more familiar with the process. 

I was kicking around pet rent but my wife is super opposed to it. 

I use these frequently and see sellers very open to them as opposed to a full inspection contingency. 

You said there is no appreciation in site, I think it would be better to find a multi family in the "path of progress" or even in a better area that will be stable, with potential upside, as opposed to this deal that seems mostly negative.  

I'm not opposed to Single Family Rentals, but looking to optimize economies of scale. 

When applying for mortgages, all of his accounts were still at RBC and so the credit history remained abroad, as opposed to if he had switched his banking to Chase (which he did after he purchased).

I have opted for this approach as opposed to the no money/no credit/no job/ help me seller finance stuff. 

Sometimes the builders prefer to negotiate a seller subsidy or free upgrades as opposed to price, so they are not hurting their future appraisals.  

I understand what you're saying about trying for an all-cash route as opposed to financing.

I'm not opposed to them as an investment property, but you must know their limitations.