I use a PO box for them to send the rent to.  I

What it ultimately comes down to is price and condition of the property.

My questions are: if I accept Seller financing eg. 5-10%, I wonder what the rate and other costs involved, and it could be high... compared to I may just borrow against my 401K so I pay myself interest and minImum cost Involed?

This way nobody pays an application fee for one I don't get to. I

Ideally we'd stick close to I-5 for easy access to most people. 

It's a nice house and has a lot of valuable art in it, so we want to make sure that whoever we rent it out to is responsible and respectful.

The loan officer serves several functions and has various responsibilities: they solicit loans, they are the representative of the lending institution, and they represent the borrower to the lending institution.loan originationHow a lender refers to the process of obtaining new loans.loan servicingAfter you obtain a loan, the company you make the payments to is "servicing" your loan.

Doing business in a city you've never been to is scary. 

If you are going to I do think it would be a great idea to purchase a new unit with a warranty.

Subject to is fine if you have an exit strategy and, can get out of it before the lender calls the note, just in case.