If your tax return or W2 (wage earnings) support your income and you qulaify with the traditional (conventioal) lending you better off doing that route.

The costs are not trivial, but they are less than you would pay for a nice used truck.One of the main reasons I am considering this route is the leads that are provided.

It could be a solid route once you've transitioned away from your corporate job, but it's tough to juggle flipping while working a demanding W2.

The consequence of the unrealistic expectations: buyers becoming terrible operators of their real estate....failing to keep up with cap ex, going the cheapest route on repairs etc. just to maintain the cash flow they expected.

Numerous times I have been able to think through an issues that arose on a construction site and saved the Owner by proposing an alternate route to resolve it. 

My main question is whether it makes more sense to go the seller financing route and pay off the principal in 8–10 years or stick with a standard 30-year loan.My thinking is that the tax deductions from a mortgage wouldn’t outweigh the potential equity I could gain over those 8–10 years.

It sounds like you are investigating the DSCR route due to lack of investment funds. 

A couple developers we work with skip LIHTC and the tax credits and go the route of impact funds to help alongside other debt and sometimes equity. 

If you can only go to 90%, you're probably better off going the HELOC route.

I got scammed into buying an LLC the company scared me, and I regretted it and ended up going the insurance route.