The true definition of "owner financing" is that the owner of the home is providing the financing to acquire a property.  

Hi Carter,Great job leveraging your FHA loan to acquire and improve your 4-plex.

Scale with a long-term plan, acquiring one or two properties every few years.

Banks do not sell notes to just anyone off the street.When you acquire the note, you are now a lender with a collateral interest, as Dion mentioned, get a deed in lieu of foreclosure, you could give cash for the keys.Over the years I've done this many times before the words "short sale" were ever adopted in real estate terminology.

Quote from @Jay Orchid: Quote from @Brittany Minocchi: Lots of investors do HELOCs or cash out refinances to use the equity to acquire.

It can also be used to preserve assets acquired before marriage or planned for separate personal goals.

We are interested in acquiring a property that she can live in starting her sophomore year and hopefully have roommates pay for the mortgage.Any tips on the best way to finance this?

With a strong desire to learn, I’m focused on acquiring the skills needed to make strategic investments and build generational wealth through real estate.I’m is eager to dive into the fundamentals of the industry, from property evaluation to cash flow management, and is excited to learn from the experienced mentors and peers.Welcome to the community!

So I’m trying to see if I take that equity off the table and re-invest the sale proceeds in another market across more doors where we’ll see better appreciation, OR if we continue keeping it as a rental and work on principal pay down even though the rental price has been coming down and the home is not the easiest to fill because of the above average price for the C- to B neighborhood.Ultimately, my stated goal has been to build appreciation (over cash flow) by acquiring 1-4 doors per year for the next 10 years to allow my wife to retire (or be work optional) by the time she's 50.

To summarize the position I'm taking in this thread (and the impression I have gotten from Tyler's series of posts and also from your original post and response to mine), though the first purchase acquired from Morris Invest may have been imperfect, those experiences are areas for improvement rather than reasons to flush future opportunities down the drain.