Use the 1% rule to see if it passes the smell test unless you know something like seller never raised rents and they are below market rates in their current condition or you are getting large discount compared to current market price.In today’s RE environment owner finance deals are usually given by tired landlords that want out of the game or skilled investors who want a return on their money and know their asking price is higher than it can normally appraise given current condition with traditional financing.This isn’t a deal.

Risky environment with some potentially high returns on your investment if you know where to buy.

Our office environment is a fast paced casual environment.

Choosing between these options depends on how much of an exit you need, the capital markets environment upon exit (interest rates, max loan values) and the properyy market (market value of the property and buy side demand versus inventory).

You would have to consider separate locks on every bedroom door, and possibly background checks for all guests to help ensure a safe environment for everyone, but it may be worth checking out and running the numbers.Mike

Fundamentally, pricing a fixed income asset is a function of variables like interest rate environment, loan performance history, loan to value, property characteristics, borrower characteristics, state-specific metrics and a laundry list of things you might want to include as variables in your model. 

I am constantly in a conflict between the cash flow and providing a safe environment for my kids.

In this rising interest rate environment you'll probably want to use the FCF to pay down the loan or you'll find your loan payments getting larger over time.

If you have enough to survive 2 years of low occupancy during a recession, then house hacking may work in this environment.

Other than selling the property, you would not be paying off a property loan early in an increasing rate environment.