Cities in the San Francisco Bay Area are charging vacancy taxes because they're seeing people with a lot of capital just buy up properties to hold onto for appreciation and not renting them out.

I intended on financing a rehab for $60k with a $15k return after 6 months.

I have owned it for 3 months and I have 230,000 in equity.

After months of reassemble and some customization work, the property sold for a decent profit.

But assuming thsi is something you plan to pay back in 2-3 months the interest rate shouldn’t matter.

Then I save that amount each month in reserves until I need them.

These loans are short-term as you mentioned, typically 12 months, so you'll need to refinance before that balloon comes due.

@Dustin Tucker You should expect 1-3 months for eviction timing.

A few months back, a fellow broker brought me a pocket listing for a newly built and stabilized 32 unit apartment complex. 

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?