This commercial objective will be capital gains but with longer hold periods, with income secondary.

Judge said: “However, an activity that involves the use of tangible property is not a rental activity if "[t]he average period of customer use for such property is seven days or less" in a taxable year (short-term rental).

Usually, it's a 90-day cancelation period.

You could read 100 books and still not know enough because certain things must be learned through trial and error.

What terms would make sense given the short period and current climate?

Was it basically trial and error or did you go in with a documented plan?

Structuring the Deal:**When negotiating seller financing, you'll need to agree on several key terms, including the purchase price, down payment (if any), interest rate, repayment period, and any other relevant terms like balloon payments or prepayment penalties.

Most lenders have seasoning requirements, so you would need to own the property for 12 months to obtain a loan based on appraisal rather than lower of appraisal or purchase price.The longer the period of since property purchase the more likely an appraisal higher than purchase price.The exception may be a "hot" market where prices are moving up sharply almost every day. 

.), but they should be able to give you an idea of general terms (interest rate, amortization, fixed period, etc..) with some basic information.

A little factoid, Irvington is the original home of Butler University and was the home (For a short period of time) to one of the nations first serial killers.