I am better for knowing what cash flow actually is, the rules on homestead exemptions in my area, etc.

@Matthew Samson, The conversion into a rental and then 1031 can actually be used with the primary residence exemption as long as you watch your dates.Your parents move out for a year and convert the property to investment. 

I have actually.

If you sell at an actual profit, yes there will be tax.  

I would be surprised if my underwriting would show only a $5K/month negativeIs it San Diego city or San Diego metro area but not the actual city?

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

But please thoroughly educate yourself on what "landlord friendly" actually means on a case by case basis.

Unless you're getting this property way under-market value, and/or the property is in a great location (blue chip market), I don't actually see the value of doing seller financing here, considering it's not the most stellar terms anyway.

Anyone have recommendations on ones that are actually worth it and have helped you or others you know. 

What REI don't get, is equity is actually what you are paying for a property.