Hard money can be useful, but talk to a traditional lender and build a relationship.

What are the Pros and Cons to using this strategy vs a traditional Subject to? 

Once they review the comps, the'll compare it to what tenant is currently paying and adjust the tenant portion (if anything) as they do their evaluation.

There are always deals to be found, but the numbers and volume that most folks are looking for are more difficult to come by compared with many other markets. 

If so, this is somewhat discouraging, and aligns itself with the comparable philosophy like single family homes.

I have the opportunity to buy a property with owner financing and 20% down.How quickly after a purchase could I refinance out of that Owner Financing to a traditional mortgage?

—upending a traditional pattern of Americans buying starter homes and moving up

Or put down a traditional 20% down payment and finance the remainder?

However, I have a friend who just became a realtor and I'm big on supporting friends and their endeavors so I am supporting her.The homes within a 1 mile radius that are comparable to the home I just flipped and am about to put on the market are selling for the price I want to list mine as.

With rents running $2,600 people compare them to fancier Manhattan units.