I think it depends on the market.. they approached me on a furnished rental I had in Vegas (Summerlin gated community A class)  We got basically double or a little more of the normal rent..

However, my timeline is flexible, so I could end up staying for a shorter or longer period depending on future plans.In my research, I’ve noticed that many condos in Buckhead come with renter restrictions, which is causing me to reconsider this approach.

Your goal of buying, holding, and potentially refinancing in a few years is a great approach, especially if you're already running numbers and considering market analysis.

If they never get that opportunity then they're just going to continue to be scum of the earth maybe not be a sex offender again but they will be on the streets they'll be more vulnerable more chances for people to take advantage of them and make up lies about them and to get hurt because a lot of people want to hurt people with these type of crap I think people should get to know somebody and truly see how they really are before they judge them they should take the approach as everybody deserves a second chance.

Pros- the loan costs for this will be less, depending on their underwriting approach (creativity and aggressiveness) then they might do the first-year interest-only allowing you to rehab and put in long term financing without having to refinance. 

Wondering how to build trust in him to do seller financing with us after this.For reference we have 100% close rate, my thoughts approaching this is to counter back and say the risk of default is very rare, if he's worried about the park defaulting he just needs to save up $20k in reserves and he'll get paid $70k in income for the park for the next 5 years while he waits for balloon.

More opportunity boosts this approach is to do accelerated depreciation through cost segregation and meet the requirements to claim real estate professional tax benefits.

Starting with a multi-family home as a primary residence is a smart approach, especially with your goal to go debt-free and save up for that down payment.

Their concept is not new and has been around for ages with people renting rooms in college towns and more expensive markets (NYC, LA) however this is a centralized more hands off management approach to self managing by letting them do all the heavy lifting for you which allows you to scale in less time so yes the concept definitely works and even better with their technology behind it.

Building a strong portfolio and focusing on generational wealth is a fantastic approach.