I would have never moved in if I knew the neighbors would play their music so loud or stay up late or whatever.  

But if you have No Capital, acquiring a 500k asset with creativity maybe the play, if it's your only play.  

Not an area where I play.  

I'm not saying it will be easy finding the right tenant - luck plays a role too.

No matter how you play it, it isn't even a deal.In my opinion and from my personal experience (I may be wrong)- I think you are intrigued that there is a possible deal with seller financing.

I asked them to mail the check but they are saying I can only come pick up the rent from them during that 1 hour window.Does this sound like something I should play along with?  

You can "practice" on your hud home at working with your contractor, buying your materials, etc. knowing that if it all goes wrong, it's still your place and will not just be a dead asset.34567) all of these are sound options, You just need to determine what works best for your risk tolerance.  

I assume there are taxes that come into play upfront with the sale, also?

Was Just playing around on your site.

Do what you know and enjoy, getting creative doesn't necessarily make you more money, it likely means you are taking on more risk and playing a game you aren't prepared for.Everyone's goal in real estate is to create a machine, where in, you stick $1 in the front and it spits $1.20 out the back.