My guess is in that price range and limited window, you will not make enough additional appreciation to make renting it out make sense, so unless you planned on keeping it forever as a rental you are probably best off selling and cashing out.

I've never looked into it so I don't know much about it from the lender's pov.All I know is I am interested in doing short term loans so I guess that would make me a hard money lender?

This will give you an idea of where you can be priced at with factual data rather than guessing a 3%. 3% could be sufficient but the data will help you be confident in your decision. 

Yeah, i'm guessing it's common. 

I guess it always depends on how much money you have, what you want to buy and what your strategy is. 

I am guessing you are not working with a real estate agent.

As you mention the reality is there are very few sellers who will do seller financing and my guess is its probably around 1%.

Quote from @Jamie Bateman: Here is another good example ($10k+ trashout): I guess they don't like me linking to Youtube here.

Quote from @Reid Chauvin: @Manuel Reza - if the rooms are furnished, furnished finder is a great option for both short and mid-term stays thanks Reid, is $99 per year, I guess is well worth it, meaning is effective, do you think so?

Worst case is hard to predict of course but I guess you end up losing the place or paying them a lot of money as in cash for keys.How would you handle maintenance?