The owner, a family member of one of our buyers, inherited the property through probate, but they weren’t equipped to handle the renovation.The house had been left in disrepair for quite some time, with the previous owner struggling with mental health issues.

Correct, you as the "lender" have to control the contract as the buyer.  

These cost-effective renovations made the home more attractive to buyers and increased its market value.

I moved to miami and it's tough to do here columbus land is cheap. lower than lenders even require our buyers have to come up with additional equity just to close the loan. not sure austin's economics but happy to look at a case study with you to see if it's feasible 

Quote from @Jake Handler: For anyone that has been a buyer or seller of a seller finance property, what method of payment and tracking did you use for buyer to pay seller monthly? 

If you sell it, buyers typically prefer it to be vacant so they can pick there tenant, so I would not be worried about that.

My absolute best advice with ANY STR prospecting is to contact the municipality in charge of regulating that area of region.

We’re trying to secure coverage for our LLC to protect against situations like missed disclosures during a sale, professional negligence that may affect a future buyer, etc.

As a top bird dog in the area, I’m connecting buyers directly to end users, bypassing the traditional marketing process altogether.

Since the property has vacancies, a buyer might discount for lease-up risk, so that’s something to factor in.I owned a multi-use property in IL that is definitely different than what you're looking at.