I’m more of a traditional, 25% down using conventional financing with $20k in reserves type of investor so my head is spinning.

I understand this is the very nature of owner financing and that it's for the buyer who can't qualify for traditional financing for whatever reason, but don't those buyers usually show up with little cash available?

In my area the majority of agents are part time, only a relatively small minority are doing it to earn their primary living.

My question is, which would be better: opening an LLC for my primary residence and adding my wife as a member of the LLC OR doing a quitclaim deed and adding her on the deed? 

My sister lives in staten island, NY and getting ready to buy her 1st home as a primary residence. 

They said yes but the rate would be 7.5% since it's not my primary residence.

Let me first provide a little context on where we are at with the deal and the overall condition of the property.My intention: Primary residence- 2 yrs, then rentalLocation: Denver, CO (Very high growth neighborhood, this deal was almost all dumb luck...)Condition: House is B Class, recently remodeled, 3br, 2ba, huge yard, carport, shed, new roof, everything about this house is above and beyond what I consider move in ready.Asking price:  $399,000Days on Market: 27My Offer: $375,00 (Accepted)Contingencies: Inspection, Appraisal and Seller allowed to live in the property for 9 months after closing while new build is being completed.The seller is in a position where they need capital to finance and complete the build that has already broken ground on their new home. 

Are you the primary caregiver for your mom?

I am only a non traditional OMSII (yup- went the DO route!)

Last year we sold our primary residence which we bought for $300k and then sold it for $500k.