What are the benefits and drawbacks of buying a seller financed home?

Just keep in mind that using that emergency fund to buy your next property and having tapped a HELOC already may leave you in a bad spot if you run into a similar problem again.Also, I’m not 100% sure, but I have heard that personal loans don’t your credit more so than other types of debt so be sure you look into that if you go the personal loans route and then planned to finance your next purchase soon after.

Just make sure to look into the HOA’s financials, rules, and rental policies before buying.

We have made money buying properety based on cash flow (lower priced) rented out for a period, then selling to an owner occupant. 

If you’re looking to buy and hold and get all 3 benefits that’s the way to go.  

Quote from @Christopher Lynch: I recently watched an episode of BiggerPockets where the guest discussed how he started a real estate investment company and buys commercial properties with 0% down.

Interest rates will plummet and you can refinance that property, lock in 30 years of low interest rates, pull out equity, and buy another!

I am under contract to buy and flip a house that I am paying $615K for. 

From there, you can move on to the BRRRR method with single-family homes—buying undervalued properties, rehabbing them, renting them out, and refinancing to pull out your investment for the next deal.

Quote from @Garrett Cuppels: spent $15 on a book about Airbnb rentalWhat book did you buy?