Also factor in if the rents jumped a lot and if that would lead to a vacancy, which will cost you more in the short term. 

The high HOA fee is already a factor, so ensure you’re comfortable with the overall carrying costs.Focus on the Land Value: Since the lot has development potential, you’re looking at this as a long-term investment.

It's not my biggest concern, but it is a factor.

Is it fairly priced for the size, location, quality, and other factors?

Several factors indicate the company is not that concerned about efficiency or ease of customer process: the website, a process that seemed to focus on one issue at a time instead of all issues at once, and consistently poor communications and lack of common sense from the loan analyst we were assigned.It started off very well with the initial point of contact, Austin Lornson, who did a fine job of explaining the general refinancing process, responding quickly and thoroughly to our questions.

That is $19,200 annual profit so you would be -$3,200 in 1 year with no factoring of breakage and maintenance.

A lot of factors go into this. 

I have a lengthy Legal Opinion, from my seasoned Legal Team regarding this matter.There are several important factors, when thinking about proposing Seller Financing.

I removed our debt (P&I) all other expenses have been factored.

Note that the diagram doesn't consider tax implications—that's another important factor you'll need to include in your decision.