That could be a good opportunity, but underwriting of a seller-financed fix-and-flip deal requires careful analysis.

That would be for the deed, so use care not to trigger the acceleration clause with your lender.

Conventional loan How did you add value to the deal?

I always viewed it as "who cares how much money I put down", I plan to pay them all of before I retire as part of my ultimate strategy anyways. 

However, the biggest con is that you are sacrificing a bit of your privacy by living right by your tenants and it is usually a lot more stressful since everything is your responsibility - managing tenant issues, handyman repairs, taking care of the lawn, etc.I would strongly recommend house hacking especially in the Columbus Ohio market!

If the tenants don't care for the pool properly, it could cost you thousands to fix.

However, you must take care of the reason why it's happening.  9 times out of 10, it's a leaky pipe behind the wall or a humidity issue.

Research market rents, carefully calculate expenses, and ensure you have a solid lease agreement.

If you don't have money set aside for emergencies then you should tread carefully.

Then, in April last year, my husband and I started a business, and I temporarily put both of those on hold while taking care of my dad.