.#6  Knowledge -  Know why STR is better for the landlord than traditional rentals.   

There are other options as well such as homestyle, and choice Reno - happy to connect!

Unlike traditional banks and credit unions, we don't face the same constraints, allowing us to offer more flexibility.

In short, I’m trying to figure out if it’s worth pursuing an off-market seller financing deal versus getting a traditional loan and competing for the property on the open market.

If you're looking for steady rental income, Cleveland could be a solid choice.

This choice can influence the best path for you.

Some will criticize your choices, but understand that their judgment often reflects their own insecurities.

Instead of a traditional down payment, I would give them some money (maybe just to bring the loan back to even).The upside if taken over the loan at the current balance, with some rehab and hopefully getting the front lot back would be a nice ROI. 

Duluth has traditionally had a strong college rental market and thankfully any small decline in enrollment rates haven't been as severe as other traditional college cities, eg.

If you are open to non-traditional methods of financing, you could use a debt service loan to bypass that requirement.