Some types of Creative Financing include: Seller/Owner Financing, Land Contract, Wrap, Assumption, Subto, Lease Option, Contract for Deed.

@Isaac Terry Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Let's start with your assumption of $1550 per month in cash flow or $18600 in annual cash flow.1) Rent assumption is $5860, which is $1465 per month. 

They are all disparaging the course based on superficial knowledge and assumptions. 

If I can make a suggestion...Yes with 3 points you might be able to get into the 6's - but let me give a quick example:Let's say loan amount is $250k and making some other assumptions, paying 3 points down would cost $7,500 however that might only save $195/mo. 

My assumption is that there are a lot of bad apples, and very few that actually care about the seller.

------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Going back to my assumptions, what part did I miss?

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

When rates get to near 5% you should be able to pull out $250k (based on 75% LTV) and then your cash flow should be around break even (but you just pulled out 30 years worth of cash flow at $8k per year), the principal pay down will increase to about $8k and appreciation will stay the same at about $20k, so now your returns will be $28k on $140k of equity (based on the same sales cost assumptions above) and that is a 20% return and you have the $250k cash to go reinvest somewhere else.Don’t let anyone tell you that you made a mistake by not selling; holding is how you make money in real estate.