Hey BPer's,I am currently looking at some new ways to finance buy-and-hold properties and I was wondering if someone can help me with the details of how owner financing and seller carry back financing works.There are a lot of forum posts about these strategies that are very high level.

getting to know your carrying costs upfront is huge.

Once you own a rental you must kepp it habital for the tenant, meaning always having working furnance, hot water, a roof over their head, etc...A down payment for onwer carry is whatever you can negoiate.

Or are you more interested in appraisal carrying you into future profits?

If the neighborhood likes wood, then your square footage may not be so large as to mix and match and you'd want to carry the tone of your cabinets into your flooring.

They'll also want to know if you can handle the carrying costs like interest, electric, water, sewer, garbage, house insurance covering construction, etc, etc, while you're doing the renovation.

More important is your ability to carry this property assuming it's 100% vacant.

Know your market, figure out what utilities owner carries, what repairs/capEx are needed, etc, what did similar buildings sell for?

There is obviously less "risk" with just paying off my loans, but I am not afraid to carry my student debt if I am confident that my money is being better used elsewhere.Thanks for any insight and opinions! 

(Many gentryfyimg parts of DC are well beyond 2006 levels)Higher income areas with concentrations of wealth tend to carry less risk while lower and middle income areas carry more risk for significant drops in property values.