I have also utilized owner financing for longer periods of time, including personal residence and 2 barrier island houses on the coast of Florida.  

@Alec Barnes As the owner of a property management company in Texas, I completely agree that a solid screening process is essential for placing quality tenants.

For example in many jurisdictions I can STR units in a duplex but cannot STR an ADU (some jurisdictions will let you STR if you owner occupy).

Trump has said he plans to keep owner occupied rates at 6% through 2026.

FHA loans may allow for lower down payments if the property will be owner-occupied.Owner Financing or Creative Offers:Explore properties where sellers are open to owner financing or lease-to-own agreements.

The main reason cited that as a small property owner, not using PM's, if anything happens, the LLC and you will be sued anyway.

It's worth mentioning the STR regulations are relatively new, and I think some properties currently operating are basically grand-fathered with the old permit, and I don't know if being a new owner one'd be able to get a new permit if it's not in the designated location.

Also make sure to have owners add you to their property insurance policies, so you have liability protection. 

Things like your vacations, entertainment, toys, food, clothes, housekeeping, pets, guns etc.

Quote from @Brandon Weis: We have historically had in our leases that renter's insurance is required, but we had been lax on enforcing it because owners didn't really care and not all tenants had it.