@David F.As Russell mentioned co-ops are probably 1/2 the price of a condo and you would also have extensive costs to set up a co-op and typically it’s my understanding the builder funds the first 1-2 years of reserves.

I'm not sure where your home is located but many property management companies, like mine, offer tenant screening services so I suggest you utilize that if possible.We pull credit (with score), criminal background, eviction etc. 

The vacation homes offered a low 10% down so that was helpful.

Experienced investors typically value properties like yours by analyzing cap rates, cash-on-cash returns, and income growth potential.

However, I find myself uncertain about how to structure such deals and whether I could successfully secure them.I was wondering if you could offer any recommendations for educational resources that might help me better understand and navigate the intricacies of creative finance and seller finance deals.

I'd be happy to answer your questions and offer some advice. 

Great points, ZharaBirmingham has relatively steady and diverse rental demand, and I’ve seen many investors I work with have success with C/B class buy-and-holds.Location is key—areas near UAB, major employers, and popular suburbs tend to have the strongest rental demand, while C/D class markets offer solid affordable housing and Section 8 opportunities.

One group is now offering a pref equity investment to rescue their deals, while they still actively market how they have never had a capital call (technically, accurate, but in spirit very deceptive). 

I initially offered $200K in cash, but the seller countered at $240K.

It needs to be replaced with a typical bedroom doorknob/lock so a locksmith would not be needed in the future.