You can refi into a DSCR at the 1-year mark, buy another - rinse and repeat.That's a good idea for the House Hack, but I can tell you FHA offers are very difficult to get accepted right now, at least in Toledo.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

The owner was an older gentleman who wanted to sell quickly without the hassle of listing, showings, and back-and-forth offers.

I still  have to do some more research into the individuals behind both concepts but what option do you believe offers more value?

This offer extends through to 120 days past due."

I lost one once that projected great return because i requested an estoppel before accepting the offer.  

It was listed on Zillow for $110k and we made a low ball offer at $90k, ended up getting under contract for $95k.

If the seller accepts the offer, (contingent on appraisal[as per court approval requirement]), How should i proceed in the situation.

Also, be honest with yourself that the approach you describe is intended to take advantage of people who just don't understand what a terrible deal you are offering them. 

Ideally, I’m looking for buyers who can offer fair deals and make the process smooth.If you’ve sold owner-financed notes before, I’d love to hear about your experience—any tips or lessons learned would be greatly appreciated!