Or what programs can anyone suggest that would be best for this scenario.

you're competing against pros for inventory.hopefully this is helpful

We now use a form call the "Compensation Agreement Between Brokers for this.

You can do less than 20% down (as low as 3.5-5%) if you intend to occupy the home for at least a year.2) There will be an HOA (homeowners association) which restricts rentals, so be sure to read the CC&Rs (governing documents) to ensure that your rental strategy is allowed, even if you intend to live there at first, eventually you'll be transitioning it to an investment property, so this will be important.

What drove you to do this project?

@Steven Cornell think of this scenario, what if you have a turnover and your cleaning lady quits that day.

Looks like no one hopped on this thread so I figured I'd answer.

For smaller deals like owner finance options, it's important to build a strong relationship with the seller, as this often leads to more flexible terms.

Properties eligible for this must meet certain criteria.

By not increasing rent enough each year you're losing money (this is the truth).If they push back hard or say they're leaving, you can always negotiate and back it off a little.