The purchase price is $38700 and I plan on putting a down of 35% = $35545 and having the owner carry the remainder for 12 months with equal payments and 6% interest.

Take into consideration that they all carry risk.1.

Leverage can be your best friend, but understand what carrying costs are and how to structure that into your numbers.

To limit your down payment, the seller can carry back a 2nd behind the hard money lender and the lender may allow a smaller down for you due to the seller limiting the hard money lenders exposure or LTV. 

I'd worry about it in pipes that carry water, but I wouldn't much worry about it on walls.

👉Multifamily Risks All investments carry risk, and real estate is no different.

Always Be Closing" “Speak softly, and carry a big portfolio!”

Purchase price: $125,000 Cash invested: $12,500 Owner carry, SFR rental.

No part of the Premises shall be used at any time during the term of this Colorado Lease Agreement by Tenant for the purpose of carrying on any business, profession, or trade of any kind. 

Tenants complaining about lack of response seems to be common with many property management, but if they are not taking care of you're property and not carrying out the maintenance fixes they said they would, you have every right to move on and take your deposit and reserve with you.