If at any point I needed cash or didn’t want to make a mortgage payment for the month, it would give me that flexibility, something I was curious to see whether I thought it would be a good idea or not.

It'll be good to have flexibility between airbnb and medium term rental in the winter.Definitely a huge rental need in the soldotna/kenai area!

I'm considering the seller finance strategy because there's more flexibility with terms and down payments.Wondering if BP Nation had any advice on the best ways to find a seller thats welling to consider selling financing (is there a profile for these folks?)

Your long term lease vs a more pricy but flexible leases you offer your friends could will net profit.

Yes I do have a W-2 job, the good thing is that my job is flexible enough for me to do jobsite visits if need be.

Since a big piece of the realized returns come from sale, building in flexibility for the sponsor to be able to best time that is key.

It’s unlikely I’ll allow this flexibility in the future as the only reason i did this time was due to the pandemic but I’ll do that if this situation arises in the future.

I had a quick stab at underwriting the property and it does not cash flow; so only take on this property if you have a boatload of cash available and if the seller is very flexible.

In this case, you have more flexibility on location and no need to worry about PM.  

We're mostly looking at just getting one property for now but it's nice to know there is sometimes flexibility with these other types of loans.