IF you need 100% financing and lets say its $200k deal, the lender will be interest only at $150k at 12% = 1500/mo + taxes. insurance etc.

1) don’t forget, in LA you will have a VERY hard time raising rents more than 9% per year.

We are building a place with HELOCs then after it is built we will finance it and pay off our HELOC, at least thats our plan. 

Cleveland and Dayton can be great markets for high cash flow and low purchase prices, but you need to be careful when navigating the neighborhoods so you're not buying in a D/F class area where no property managers will manage and where you'll never see any positive cash flow.

Hopefully, you can answer, and we will connect soon.Best - Chris

More then willing to share what we have learnt with anyone who wants to chat

But even then, seller financing is rarely substantially better than another investment they could make (including trust deed lending, which will often be at a higher rate than seller financing)In my experience, the owners who find owner financing advantageous are at the ends of their careers and are not interested in looking for another investment (other than the usual retirement funding sorts.)

Be aware of California taxes that will hit you in their other funds based on your income level.

Act quick, these type of deals are always available but to the ppl that are willing to act fast.

2 bedroom 2 bath at 700 sq ft will be tough. we get 2 bed 1 bath in 668 sq ft.