A quick look at Craigslist in Austin shows 4400+ listings by owner.

There will be many situations where you can help a homeowner save their home -  however, in other situations they just want to sell quickly which provides a wholesale, fix/flip, buy/hold opportunity for you. 

We sold to an attorney who provided a retail-cash offer and quick close, relocating to the area.

As you mentioned, things are appreciating quickly in your area.

Best thing to do would be to speak with a good local CPA who can guide you through all of that.  

I’m not looking for a step-by-step guide, but I know I’m not the only one in this position.

Act quick, these type of deals are always available but to the ppl that are willing to act fast.

Quick question on those who have done seller financing:- Buying a 0.3 acre downtown fort lauderdale multi family, negotiated an around 1M price w lot of development rights, double lot. seller got it way back early 90s for pennies- got good credit 800+, w2 job etc put 40% down and mortgage bank offered 6.62% 30yr fixed (CF negative as this would make current rent roll not too much compared to the PITI)- property is in ok condition, needs 20-30k repairs which seller OKd, and all 3 tenants are month to month, pay bit under market but also ok- seller would like to do seller financing, interest only at 5.75%, 30yr amortization at 7yr balloon (CF would be positive) - id be paying some principal as well, just to grow some equity- buying this deal for the future development of the area (las olas, kushner broward crossing) so not really worried even if we overpay for it now, but never done creative finance as i always relied on a strong W2 job to get good loans but obv im used to 3% 30yr rates from covid times not this 6+ environment..Goal is to hold the property 3-5yrs, and then actually develop it or sell half the land / refinance, pull out HELOC if it appreciates.Questions:1) What does he know that i dont? 

The stone elevation can be expensive but will really move a house quickly with the added curb appeal.Some things I like to add for not much extra cost..

Here are a few initial thoughts and observations for both scenarios which might be useful in guiding your next move:Scenario 1: Leave your Current Primary Residence & Buy Another House to Hack Locally1.