@Frank Adams So basically I need to provide why im looking into seller finance and advise how they will benefit from the option in order for the terms im asking for to make sense.

I would speak to someone familiar with your local lease laws/ regulations to make sure you hit all of the basics.

The exponential growth of the vacation rental has basically pushed out the working class, because real estate is more valuable on a the weekly market, than the monthly market. 

Doing this will generally save a lot on what would otherwise be spent on agent commissions, but remember that the lawyer is not your agent so once they draft it and advise you on how to proceed, it's basically up to you to complete the transaction by negotiating with the seller during the escrow, giving the escrow company the forms they need to proceed with everything, etc. 

Basically, I still don’t know what I want to be when I grow up so I’m hoping real estate investing will buy me some time.I’ve been feverishly pouring over the forums as well as other sites that I have found through BP, like Mr money mustache.

Seems like a basic right to have privacy, especially in a C neighborhood.

That is basically what you are trying to do.

@Andrew Cannon   The most basic first step my friend is to get preapproved with a lender.

Basically we have a 450ft2 studio attached off the back of a traditional side by side duplex.

(fyi- there are low life people who would attempt this too) BUT, in this seller's market with homes getting contacts within a few days or the day you put up for sale, unless you are an out of state seller, you can do this FSBO option.Selling a home FSBO at top price can put be a massive savings of Tax Free Equity that can put a kid thru college, make you debt free, put towards retirement, etc.