It seems like a great deal for the landlord but I have been researching and it is not so great in the long run for the tenant.

I could be wrong on this but I seem to remember reading about this in one of my CRE class's for my CA Brokers license.

That seems logical - The way a seller financning transaction "should" go is the same as any other type of financing.

STL, Detroit, and Philly seem interesting and to have solid sec 8 numbers.  

They seem to be more than just a PM?

I know when you purchase a car they tell you not to do it at the same time as buying a house but I don't know if buying out a lease has different affects (since it's a less amount, I've already been making payments, etc.)Any advice would be helpful as this seems to be a situation I can not avoid!

Trying to guess what the FED is going to do seems like a poor strategy.

In addition to this seemingly pointless law, the Jr.

Which it seems you have.

This seems like an ideal situation, as I was already considering the idea of a vacation rental property.