The terms will be less favorable for you being less experienced but you'll want to know what they are up front so you can factor them in when running the numbers.

And the best part.... projected rent can be counted in favor of your DTI!

I like @Theresa Harris’s idea it actually works out in your favor over buying it below market value.

These tend to be motivated owners willing to finance part of the deal to make the sale happen or close friends/relatives doing the purchaser a favor.

Has the bold/underlined worked in your favor so far?

But please do them both a favor of being transparent that you are actively looking with another agent.

Glad it worked out favorably.

Buyer acknowledges that during the course of Buyer's negotiation with Seller, Seller selected its choice of (i) title insurance company licensed in the state where the Property is located to provide Buyer with its title insurance policy(ies) (the “Seller Title Provider”), and (ii) the closing agent, and Buyer was given the option of either: (a) Approving the Seller-selected closing agent and the Seller Title Provider, in which case Seller would pay for the cost of Buyer's title insurance policies and all related search fees in accordance with Section 8.2.2 hereof, AND one-half of all escrow and closing fees charged by Seller-selected closing agent, not to exceed Four Hundred Fifty Dollars and NO/100 ($450.00), unless otherwise required by law or agreed to in writing between the Parties; or (b) Rejecting the Seller-selected closing agent and the Seller Title Provider in favor of a different closing agent and title insurance company licensed in the state where the Property is located to provide Buyer with its title insurance policy(ies) (“Buyer Title Provider”), in which case Buyer would pay for the entire cost of Buyer's title insurance policies and all related search fees and all of the escrow and closing fees charged by the Buyer-selected closing agent, without any contribution from Seller, and the provisions of section 8.2.1 shall apply"With the Owner's policy I will still be responsible for Lis pendens for code violations or not ?

If you turn the garage into square footage you will have to now look at houses with similar square footage but no garage which may not be favorable in your market.

The terms are more favorable for those who have done several deals and less favorable for those who have done none or very few.