What are the benefits and drawbacks of buying a seller financed home?

There are a million spammers now just asking for seller finance on anything.

.- If you're going after a seller finance deal I think once you understand what it will take to get to a finished state its simply a matter of aligning your needs as far as short term cashflow with the current rents/situation, with the net number the seller needs after the refinance.  

Sometimes the trailers I buy do still have titles on them, in which case we either have the seller cancel the title with the DMV before we close, or we have them sign the title into our name, and then we cancel the title ourselves.

I recently looked at an existing STR, but either the seller did not track the expenses or they did not want to provide them. 

learn about as many strategies as you can then open up a prop stream acct and go to town looking for motivated sellers in Middletown.  

LOTS of sellers got burned back during the foreclosure crisis with Sub2 deals. 

The sellers are mostly hedge funds selling non-performing mortgages and the buyers are ideally local investors who would be likely buyers for the REOs once the foreclosures are completed.

They will help you clear any clouds on the title and know whether you can close in "7 days" as offered to the seller.

In the end we presented evidence that no buyer would be able to finance it and got them to agree to 85% seller financing.