I know most BP note investors deal in SFR notes exclusively, or at least mostly, and for myself 98% of my note investments are notes secured by commercial properties.  

Did you receive security deposits with interest and pro rata rent for the month at settlement?

Check bed frames and chairs for their weight limits. 

Here is my current situation - I can probably secure a personal loan for about 200k at around a 3-4% interest rate with a 5-year tenor.

I negotiated the FSBO and was able to even secure a commission.

He collected first/last/security payments prior to move in date and was never heard from again.

To answer the title of your post, selling fsbo can be a good idea if:- you have experience selling RE- you price the home to sell- you have systems in place to collect inquiries and facilitate showings i.e. call center/email/google forms for screening inquiries, showing agent, lockbox, security alarm, etc. - you have dozens of local agents who can market the property for you and bring you a buyer- you are listing in a desirable area with low-inventory - you are not in a rush to sell

This means securing at least two bookings (to get a stay of less than 7 days) and completing all setup tasks.

You'd need to show the income on your tax returns and/or have a lease and first month's rent/security deposit for the unit you were living in.

After a month of renovations, I listed it on the market on November 19th and secured a tenant with a lease starting on December 10th.