The legal action is against people who have no intention of closing or no ability to close the purchase tying the property up with the seller believing the buyer will close when in reality the transaction will only close IF the “buyer” finds someone to pay more than he is paying.  

.: Is it best to finance a 2023 Honda $38,000 or pay cash?

What can I do to help him (and help me) for him to be in a position to be able to pay his rent?

Would I pay for all the remodel expenses and then 50/50 split of profits or does contractor pay remodel cost?

This used to be a non-issue for FHA buyers up until 10 years ago when HUD stop allowing buyers to use their appraisalsKeep in mind your agent is not dealing with HUD directly. 

. $300k loan needs to show $15k liquid assets, and draws typically require you to pay contractors and obtain a lien release before you can be reimbursed for the money you paid contractor.While I know there are a lot of people who use low money down loans to get started, it is risky.  

You will probably be better off focusing on paying that off as quickly as possible rather than putting money in a HYSA and definitely more so than putting it in a Roth.

Do they pay rent on-time? 

I wouldn’t mind the tri state.  

Personally I have not had much luck with seller financing when there are agents involved - most don’t understand it and think it just makes the deal more complicated.Did you check with your bank to see if they will mind you having a second loan on the property?