Gave me the monthly payment and I checked it against a mortgage calculator and it's exactly what that said. 

In short, the previous owner made a deal and sold the house while they were still living for monthly cash payments until they died.  

Most properties seem to be overpriced, often listed by pro investors trying to unload them, and have been sitting on the market for six months or longer.While I could put 50% down to make the cash flow work, that approach would likely derail my goal of acquiring four units in four years.

So, I would expect to lose 3 months rent maybe more.

I am in the process of accepting a 2 month lease month to month for a retired service member and wanted to just document his service animal as being on the property. 

Find one with flexible pricing options, no long term monthly commitments and affiliate referral program.

First month free only attracts people who move every 12 months.

They are short term loans, usually 6-12 months, high rate, interest only payments. 

I was able to rent the property by room and it cash flows about $200/month so far.

The property was held for 25 months and sold.