Even if you pay 10% in interest.

Someone who has a Great job that does not allow them to move, would never be tempted to move.  

This is a great tip

While this is a great and highly motivating goal, most people are either clueless or incorrect in their belief as to what is required to obtain this “lifestyle”.Understanding of the “how to” get there is further obscured by the misleading, and often patently false “pathways” sold by real estate educational MARKETING companies as workshops, upsold to association memberships, upsold to mentorships.

If that's the case, you should be able to rate/term refinance at ~75% LTV with a DSCR loan, and with some interest-only basis, your payment will go to ~$850 (based on ROUGH pricing TODAY).

What made you interested in investing in this type of deal?

Rochester NY is a great market.

The seller is offering seller financing at 2% interest with a 9-year balloon.

Yes a stay in a potato is interesting but if there isn't much else to do around there, it will be a bit of a loser.Remote isn't always bad.

If they start loosing interest in being a landlord, rents start to slip.Real estate is an inefficient, messy market.