you say youre in central coast maine, is that a specific city or a region? 

We manage properties in Florida and we live in Idaho.

My idea to buy a home is to get an 80% LTV 1st mortgage from a bank, take over that mortgage and give the seller a second mortgage for 50% of the 1st mortgage balance because I need some cash to cover the payments, which the amount of cash would be more than the remaining equity in the home.

I know that @John Underwood for example provides TV in addition to streaming at some of his places.

If you do not like bookkeeping/accounting/technology, hire a bookkeeper specializing in real estate investors.

Purchase price: $197,500 Cash invested: $32,758 Buy and Hold Short Term Rental In Cleveland What made you interested in investing in this type of deal?

Looking to connect with any investors in the San Diego area.

If rates drop in the future, refinancing again could lower your payment, but it’s good to make sure the numbers work now just in case.

I have a choice to ask the seller to pay for my buyer agent's commission or not include it in the offer letter (pay by myself), so I wanted to know before I submit the offer. 

@Michael Carbonare: 100% correct with the caveat of you shouldn't just jump in without some understanding of your investment, that is just irresponsible.