So before you answer that question, you should perform a demand study to determine the ability to sell the homes. 

@Daniel Lozowy If you have the ability to meet with any of those cold calls in person, I would take the time to do so.

They want to live with friends, care for one another and share the cost of care once it gets beyond their ability. 

I dont know..... i know lots of massage therapists that have their own businesses, etc and not sure a physicist has the same ability to get a job no matter where they go ?

As an out of state investor I would not have the ability to view the property myself.

A lot of owners will only provide a short balloon period, which makes the ability to refinance paramount.

However, I will tell you that the main advantage to sellers of owner financing is the ability to sell a property that may not qualify for third party financing, and opening up the market to buyers who may not qualify for third party financing, thereby obtaining a higher price.

In order to see them, we have to train our eyes (education...and the ability to problem solve...which really is just math) to recognize those solutions. 

However the school boards have the ability to rebut appeals and will bring property value adjustment appeals against owners in cases over $50,000 in increased value.

It's not your fault, but if you work with an agent and expect to get "value add deals", my opinion is that you need to prove your ability to close and be a serial purchaser.