However, most tend to get very watered down with sales pitches etc.  

What worked for me was focusing on building strategic relationships with top tier people (quality partners) who could complement what I brought to the table—sales, management, and execution.When you are approaching sellers for creative financing, leading with a clear value proposition (and CONFIDENTLY) is key.

-Cons: On sale of property, the new owner would have to start from scratch on the income generation.

Home sales hit their lowest level in almost 30 years, so it's not unusual to see a property sitting on the market for many months.

 @Deepak Malhotra based on your sales price, I assume this was also sold many years ago.

Recent sales in the neighborhood are also not updated. 

Usually the seller completes these before closing, but for the "as-is" sales or foreclosures, they tend to put that responsibility on the buyer.

Currently own three properties but looking to make my first sale.

This would need to be structured that if your rent is at or below your mortgage payment, the portion of the mortgage payment going towards principal is more than all other expenses (and hopefully more than budgeted capex). 

The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.