Suddenly they asked for a copy of my deed so it was obvious it took months to file the eviction order with the court.

That would be $600 USD per month for him. 

Will be worth $1.8M-$2M and rents will be $8k+ per month in 5 years.

I know what seller financing would involve in regards to me (the buyer) having to pay a interest rate set by the seller and the monthly payments also set by seller.But what are the benefits of seller financing a property?

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

@Derek FarmerDerek - My friend Dave Short has a Dinner with Dave meeting about once a month here in Indy.

I would like to get an opinion before I purchase my first property in about a month.

Our water bill is below 150/month and even below 100 some months when it's not winter and tenants aren't letting the faucets drip, but overall it's not a nuisance. 

I was living in Kennedy Town for two months last December.

Most DSCR programs will not touch you if you have a mortgage late in the past twelve months.