Many contractors don’t have the cash laying around to put out upfront so they look for these types of seller finance.

Hi @Tim Holt I think in general house hacking is usually a good move because it gets you off the sidelines and into the game with the most favorable financing possible (30 year fixed).There's a lot of value in getting started today vs waiting some undefined number of years until conditions are better, which could be a long time from now, because real estate is a business and the sooner you start actually learning about that business, the better.With all that said, I always recommend that people analyze any potential house hack as a pure investment that they aren't going to live in, because someday they may want to move out and you should know up front (before you commit) whether you're going to be able to do that, or whether you're overpaying and will be stuck in the property unable to move out because it'll be cash flow negative if you do.So you had it exactly right when you wrote, "the property would need to cash flow when I move out and rent out all units."

I am currently hunting down my first deal and cannot wait to start growing my portfolio.

I'm in the same boat, wait and see.

If risks feel too high, consider waiting until your live-in flip is complete and your position is stronger.This post does not create a CPA-Client relationship.

Just waiting to close now and then I’ll get started on a renovation.

Since are closing in on renewal time it may be wise to have a firm conversation with her with expectations on lay payments as well as an increase of rent.

The Dr. who owned then proceeded to CLEAR CUT it so neighbors got Zero trees then he waited a few years and he platted it and sold it.. he was not happy with the neighbors.

Starting small with solid fundamentals and not waiting for the "perfect" deal was key to getting started.

Some portfolio or private lenders may waive this rule, so it’s worth exploring.While waiting for the 6 months, finalize renovations, stabilize the property with tenants, and ensure all paperwork (leases, receipts) is organized.