She thinks it’s ok to stay for free and she deserves free housing, non paying her dues or any thing just because she does not have a job (on purpose) and does not have money ( has all money for fancy furniture and gadgets)But anyways she has not paid her move in deposit ( paid partial) and has not carried renters insurance.

Most “Gurus”, authors, advisors and experienced real estate investors preach obtaining seller “carry back” financing for property buyers in order to (1) obtain financing when they don’t qualify for a 3rd party loan (2) obtain financing when the property doesn’t qualify for financing and or (3) extend the “buying power” of their capital contribution (down payment) to purchase a larger more expensive property by having the seller provide a subordinated mortgage loan.That’s all and good, but why should the seller agree to finance the purchase of his property, instead of getting CASH for his equity?

That would leave you with $230k to do the renovation, and cut down your negative carry by 2/3. 

Lets say that i have a total of $100K in total losses that have been carrying from prior years from all of my rental properties combined.

The FEW who will touch mixed use would never touch it with the seller carrying half the loan.

Seller financing enables the seller to carry back a part of the purchase price.

On my first in person meeting with the seller, he came in carrying a postcard that he received 3 years ago!

I feel like I found a gold mine. lol.

For example, if the rent was 1000, and your total prin/int/taxes/insurance/HOA payment for that property  was 800, you would only have to carry 50 dollars a month with the rest of your income.

So long as there are no new terms,  all terms carry over.