*I am providing these details because the question of our abilities as landlords has been raised. 

It sounds like you don't have the ability or desire to have a large number of vacancies. 

We looked at their property and it seems like a good deal - $332k for a 2BR penthouse with private pool and ability to lock off, free shuttle to ziggy’s with free beach access too. 

Some loans "may" be assumable but they will still require the party to prove their ability to repay.  4. 

Pro and Con: The leases are only 1 year, so adjusting rates, while ultimately market driven, have a better ability to keep up with inflation during high inflation times.  

I am always a fan of financing so I have the ability to pay over time and the money I pay with future payments would be worth less due to inflation, freeing up my capital on hand for other ventures.

Seller does have to prove borrowers ability to repay.

If you have the ability to walk away due to contingency, consider it. 

There are other factors to consider, such as the quality of landlord-tenant laws, the court's ability to protect landlords, the ability to find a quality property manager, etc.

I'm surprised they have the ability to simply deduct the money from your account.