Here in OR you'd be surprised what local credit unions will finance, and although the rates might be quite as low, or amortizations as long (usually 25 years or remaining useful life of the property) they can offer more permanent mortgage solutions. 

Again, it's not about owner financing of real estate.Section 1274 that quite attractively mentions exceptions for selling personal residence and for any loan under $250k.

Sadly, in spite of quite a few comments on this forum, many are clueless with regard to understanding or evaluating the numbers; and rarely take the time to look at monthly financial reports beyond what their Net Rental payment is.

When you study this area in economic texts and in academic papers, there is quite a lot of govt intervention on behalf of all sides (tax code isn't 12,000 pages for no reason and it usually isn't helping the renters)Let The free market act as it normally does, there are more multifamily units coming online this year and next year than ever before in US history, despite rising insurance and property taxes and construction and labor costs, as the potential for profit is too juicy to ignore, but The developers and investors also bear the risk of loss.

You might not quite get $1,700, but you can definitely get a good amount. 

One of my tenants quit paying rent almost a year ago.

I believe in nj I have to work under a broker for 35 deals befor I'm allowed to go off on my own (not quite sure).

Good luck & don’t quit.

If you are unfamiliar with producing a business plan it can be quite daunting, it may take you a year or more to put the numbers together.

Second, becoming a GC allowed me to quit my day job and go full time building my own projects as I charge my investors to GC the projects, and that allowed me to find more deals and investors much faster as being in/around RE all day every day is very helpful to scale quickly.