It honestly depends on your strategy - LTR, STR, flip, wholesale, etc. the tenant / landlord laws in CA are in favor of the tenant which often scares people.

I am sure things are left out and others will have their opinions, so am saying this now, "your mileage will vary! 

@Param PatelIt depends on the market.

If living there is still on the table it sounds like a good option to stay and enjoy the position you're in, with a lower interest rate (depending how/when it will adjust), rather than entering this tough market with higher prices and rates, where buying a similar house will have a much higher monthly payment.

I mean I would consider buying one depending on the terms and the underlying asset but it sounds like you are saying even with seller financing you can’t just say you misssed 3 payments title reverts back to owner?

The fee can vary but typically in my market that is 20%. 

Depending on account holding the money you could pay early withdraw penalties, taxes, who knows.

Depends on who you are trying to sell to and if you are trying to sell it occupied.

We charge 10-15% depending on how much the STR brings in.

@Joshua Mckenzie It depends on the context.