I got so lucky - the first 3 years, during the depths of the pandemic, I had a perfect tenant, no problems, even during the storms. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

But as for the seller finance, would the loan to the seller be the difference between 450k and the refinance number of 220k?

If you get cat urine in the house, it can cost you 10x the pet fee to mitigate the odor.

I am 14 hours into the 20-hour online course offered by "RealEstateU."

Home equity is the difference between what your house is worth and what you owe on your mortgage.

Made sure to check the ledger and T12 to ensure that the tenant was qualified correctly before purchasing the property.

They aren't spending their own money, so they are less likely to take care of the rental or follow rules.

The larger the property, the more inclined I am to have a property manager. 

The borrower gets the benefit of having access to capital fast and the lender gets the benefit of charging a higher interest rate and not having to pay taxes on the profit.