If this is the case I think I understand everyone correctly.

Awesome Colin, thats amazing and very encouraging, I am not remotely where  you are in regard to business but I took risk  a in 2013 and went on my own and you are correct, so many doubting, warned, and discouraged me. 

The property is fully rented, close to University and a local hospital, which should support stable tenant demand. im willing to put 20% down payment, Im not sure about the costs that i should think of other than (management fee, vacancy, taxes, insurance , Maintainance) am i missing soething here (but Im saying 55 to 60% cost of the income).

To thrive in real estate investing, you must maintain a firm grip on your finances.

The same is true for a house—placing a tax-advantaged asset into a tax-advantaged investing account cancels the tax advantages (or many of the immediate ones).Maybe @Michael Plaks or @Kaaren Hall can explain this better or correct my understanding here?

We had to pay for a 3rd party to review the appraisal and either agree or disagree that it was done correctly.

I have made a career of telling people no and not worrying about it because it's the correct answer.On the inside, the core value I push the most is family.

I knew it was a unique real estate market .. but sadly all the risks I evaluated were correct.

Some people don't have financial situation, nor have the bookkeeping to track or maintain it.Again, I personally find it very stressful just thinking about living that way for the life of the loan keeping the lowest daily balance possible. 

But hopefully it sells quick this time around.As far as Owner Finance, I have tried a few times but not sure if I am structuring it correctly.