The mortgage company gets paid off first, then in a traditional sale, the rest minus agent fees and utilities and closing costs goes to the seller.

The builder usually has some type of warrenty other than that closing is pretty traditional which would have been similar to your first house. 

@Kay S.Assuming you are getting title insurance (which I recommend) the closing costs will be similar to a traditional closing.

Stock market is traditionally much more volatile.

If you want a lower downpayment way of investing without moving into the property, I recommend the BRRRR method. 

What is the most efficient method to connect with potential renters or claims representatives?

Does anyone use another method of goal setting or periodic review method?

     * House is a 2699 sq/ft Single Family Residence| 3 beds, 3 bathroom | Built in 1956 | NO HOA     * There is a chance I could pay only interests so I can start saving some cash for the incoming maintenance and annual payment equivalent to the 12 monthly payments (~$5,029.77 per year during the balloon period)The advantages I can identify in this deal for me are:* Lower interest compared with traditional loans* Lower down payment compared with the ones compared for traditional loans* House is technically ready to be rented (waiting for the inspection) * Forecast - 3 yr growth (appreciation) is expected to be 8.1 % (Bigger Pockets)The disadvantages I can identify: * I am still vulnerable to foreclosure if sellers don't make mortgage payments to the bank.* Refinancing issues at the end of the Balloon Payment?

We got it appraised for traditional financing and it came back at $3.125M so we were able to get our investor their $1.5M back.

I am the only real estate investor with my bookkeeper and at first she thought this was a little overboard but once she started setting rules in Quickbooks to simplify her work she quickly realized how simple this method makes things.