Ensure the STR’s projected income comfortably covers new debt, even with conservative occupancy rates, and maintain reserves for market changes or vacancies.

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

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

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. 

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

It can be a struggle to find those who offer adequate service, price, and quality.

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!

I’m not sure why traditional agents offer any special litigation protection.2.

What service do you offer? 

It all comes down to picking the right areas that work well with your personality and attract the type of clientele you feel comfortable working with.