You would likely have to pay a high interest rate to entice the seller, but with that and the tax benefits to the seller of recognizing the profit over time rather than all at once you might get the deal done. 

I'll keep it as equity for now, but in the meantime moving fast has other benefits to me.

Allan this is a bit trickier topic, you're asking the relative benefits to debt vs equity.

Most people don't start buying their first houses until they are mid to upper 20's so you won't get that benefit for some years.

Also, are there any special benefits that I might not be thinking of--besides maybe drinking for free :) Thanks!

As an added benefit I have been making contacts in the industry by talking to everyone I possibly can.

As an added benefit I have been making contacts in the industry by talking to everyone I possibly can.

Owners who have held their properties for 25 years are approaching the deadline of the tax benefits of depreciation, meaning, they might be more willing to seller finance as they'll still take advantage of cash flow to them without being completely removed from the asset.

My explanation was more for the benefit of other folks who might be "vulnerable" to accidentally investing themselves into a job;) Yes those micro units are intriguing to me.

I only need to sign "Assignment of Benefit (AOB)."