I wanted to know if anyone has some great strategies for using seller financing as a primary revenue-generating strategy or if there's any pit falls I should look out for.

Being that I am do not in incorporated Palm Springs, I do not fall under the city's short term rental regulations.

Areas like Parma, Old Brooklyn, middleburgh heights, fairview park, and olmstead falls are areas that I would personally invest. 

I'd imagine this falls into the "normal wear and tear" category but I just don't know how you measure or prove it and how much tangible evidence I need to have ready showing that I've warned them repeatedly.  

I don't want to trip over myself and fall into a worse position.

Many buyers won't offer sight unseen, and it increases the chance of a property falling out of contract during the inspection.

If rates fall significantly, refinance.

made an offer on a property only to find out later that one of the units was going through an eviction.tried to extend our inspection contingency to no avail to buy us some timeended up not being able to come to terms on how to proceed with sellerthe last HOUR of our inspection contingency the seller offers to try and buy out (cash for keys) the tenant the next day (he had a property manager handling the eviction and wasn't even aware of it initially).i get a (risky) oral agreement that even though the contingency window had passed, if the plan falls through my client will still get their EMD back the next day the seller ends up buying out the tenant for a bit over $3,000 and now we can move forward with the deal without the headache of a problem teanant/ picking up an eviction.

Do not fall for over-promised numbers.

They all fall within a 50 mile radius.