Straight am doesn't add that much more for you while IO adds a level of complexity and seller convincing that's unnecessary. 

This allowed me to build a team and not get too in over my head with a complex rehab. 

Hey @Steve Moskowitz, I am completely fluent in Spanish and able to explain complex information to any client, I WOULD LOVE TO HELP!! 

Therefore working with and renovating SROs are typically deeply complex project and a great extent of due diligence is needed before purchasing.

It adds an extra element of complexity to the process (now you have to negotiate buyer-side commission as part of the deal). 

If he opts to buy the property, rent paid during the lease period is applied toward the purchase price.Because owner financing can be complex, we recommend working with a licensed attorney who will consider your best interests when drafting the necessary documents.Good luck!

Also, after 6 months like you said, I believe you could easily get a cash out Refinance with a DSCR option that would be in the 5% rate as well.If the owner is not interested in Owner Financing, as long as this a 1-4 unit complex, we could get you financed at 80% of purchase, 100% rehab at 11.25% Interest only, I may be able to go as high as 90% of the purchase, but I would need additional information.

A local condo that you can easily check on might be a good way to learn the ropes of being a landlord without adding the complexity of long-distance management.Out-of-state investing, especially in areas prone to natural disasters like hurricanes, comes with additional risks.

Property is versatile posied pretty well for STR’s and long term hold I feel given the location.The investor group seems to be streamlining into new construction and flipping / selling from what I gather (lots of properties on market now and new construction projects in development, I think the selling agent mentioned they had 400+ SFH in portfolio currently they are trying to sell off and transition more so into new construction and large scale apartment complexes) and have own separate businesses in the HVAC / Roofing / flooring world etc.I think my take away here is that I need to get my hands on the previous inspection to see what came up and check it off.

So you'll add a level of complexity and expense for no reason at all.LLC Taxation