Of course, this situation doesn't make a whole lot of sense from the seller's perspective, if he's financing the property. 

Share your stories /tips as well...it's good to hear new perspectives!

I'm Jason, and I'm an engineer who recently moved to Charleston fresh out of grad school.  

@Rob Cee   From my perspective if this was something I was going to do.. and I think NPN seconds can be bought for pennies on the dollars at least that has been the case on the tapes I have looked at over the years.. its like buying Asset tapes.. the bummers you just throw out and do nothing with..

It just seems that a lot of people who rent have credit issues (why they rent instead of owning) and it's better from a landlord's perspective to have someone who has a good history of paying rent.

Something along the lines of a zip code or neighborhood wiki from an investor's perspective.  

I won't speak for others but constructive discussion is more favorable than pigeon posting I can only guess that is probably a shared perspective.  

Thank You @Hattie Dizmond & @Brian Burke You just affirmed my predictions.I was trying to see it from a different perspective, but it doesn't seems to work at all.On to the next one!

If it's not, then don't do the deal.Most people don't focus on calculating the breakeven rent price, but from the perspective of developing a sound business, you always start with costs. 

Here some stuff that stood out to me: REI can be self-employment or and investment as well... so although I would actually love to be self-employed in real-estate, I can see that for my current situation, the best approach may actually be the true "investment" side - partners, teams, etc. where I'm not as hands on.Again, thanks all for the perspective and encouragement!