These should be reflected in the purchase price or negotiated as part of the terms, such as the seller carrying some of the renovation burden.Use seller financing to your advantage by proposing a price closer to $225,000-$250,000 with terms such as 20% down, a low interest rate (4-5%), or interest-only payments for 3-5 years, with a balloon payment once renovations are complete and cash flow stabilizes.If the seller is firm on price, consider negotiating higher down payment terms to reduce the financed amount, paired with interest-only terms or a price reduction tied to renovation milestones.Key questions to address include the condition of the septic system, which can be a significant expense if it fails.

Again, as you asked, no one is in trouble, but we have high expectations for our team, and there are indeed steps we can take to improve.I'd like to recap for readers, and please let me know if there is anything stated incorrectly here.We primarily failed to be proactive on the front end once we knew the resident used the legal system to their advantage. 

I can get traditional financing through a bank but was wondering if I go the "seller financed" route would that be more advantageous?

Each property qualifies on its own economic merits (i.e. rental income covering PITI payments)This is one of the main advantages for DSCR financing, i.e. the ability to scale without any kind of DTI limit imposed by conventional financing.

This is a great place to learn and to connect with people so take advantage of all the great resources.

If it was discussed and just a typo and its a good tenant it should be fine but some tenants would definitely take advantage of this.

What's the advantage here? 

They can help you with tax planning at the beginning of the year to help ensure you are taking advantage of as many tax benefits / incentives that you can.

I also side with Adam and take advantage of the added protection of the firm I use.

I wouldn't consider myself in the predator category LOL.