BUT, if you do intent to live in the property it only takes 5% down not 10%. 

Two weeks back I sent them a communication about our intent to renew the annual lease at a higher rent that matches the current market rate starting 60 days after the note.

Purchased the property in 2021 on an awesome owner finance note with the intention of starting the build quickly thereafter.We had, what I thought was, a great quote in hand to throw up a pole barn and start our journey towards financial freedom with a grand slam of an investment.

Perhaps the deals didn't profit, but for the most part the parties had good intentions.  

If your intent is to sell your rental(s) and leave the RE asset class then I suppose the # years of cashflow metric might be more applicable, but I think it heavily relies on the assumption that you've accurately timed the top of the market which requires a crystal ball and sorcery above my pay grade.

The intentions were to buy a 2nd property within 2-3 years and then use this home as long, medium or short term rental.

Purchase a property on hard money with intent to flip.

I found it's 15-16 years LOL.So the first downturn was in 1992, followed by the increase until subprime stopped the party in 2008, then Bernanke Helicopter market saves the market, but Fed trying to increase the rate unsucessfuly in 2019, and then they use the covid inflation to pause the market in 2022.in my own analysis, these cycles are not created by nature but it's intentionally programmed by the Fed.

I've adjusted my approach now to search for a SFH with the intent of 'live-in flip' for the first year.

You can try to intentionally fail to qualify for it.