I wanted to pursue the seller financing that way I can take control of the title and make payments, and if I needed to sell, or refinance I have that option.

One major draw bck to look out for is the HOA associated with it, as well as special assessments that you have no control over that can kill your cash flow. 

@Paul De LucaThanks for the input!

@Pual De Luca @Mark  H.

I'm thinking since she's read SFL, she's already sold on taking control of her finances, and maybe Brandon's book is next?  

@Raymond SantosNumbers seem a bit too conservativeI don't know the conditions of the property, but if I was running the numbers, I would use the following:Monthly:Revenue = $2,550Expenses:Mortgage: $1,347 (300k at 3.5%)Insurance: 150 (1,800 a year)Maintenance: 200 (should cover lawnmowing, pest control, hvac, and a few other things)CapEx: 200 (this one is a wildcard, but 200 is very conservative from my experience)PM: 250Vacancy: 107 (half a month a year)Total Expenses: $2,254You net $250 a month.

Control those assets or someone else will. 

I just want to be free from this high mortgage payment of $2300 + maintenance & repairs and debt that has controlled us.

And, intent matters, but, by itself, is not controlling. 

My state has no rent control law.