Based on that, their personal use kills the STR loophole from 2024 forward. 

Figure rates are significantly higher doing this instead of the more straight forward approach.  

Yes, I some landlords are taking that kind of approach and it may be working for them, BUT a broken clock works for me twice a day!

They find properties and approach Sellers and secure a price, then they seek out an end Buyer (you) and sell it to you at a higher price. 

This collaborative approach not only enriches your understanding but also opens doors to potential partnerships and investment opportunities.

What should I keep in mind to ensure I'm approaching it the right way?

I am new to creative financing and don’t exactly know the ins and outs of what would be the best way to approach this.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

I’m especially interested in the "why" behind your approach.

Creative financing to buy deals is another dangerous approach.