It also carries a pet smell.  

The carrying costs (HOA, etc.) are so low also which was a big plus.

@Stephanie Potter - Do you think lenders will allow seller carry as a substantial amount of the down payment needed for the first? 

Hello,I just sold one of my property and carry a note "$750K" with 8% interest rate.

Non performing 2nds carry more risk and complexity than 1st liens. 

It's like following the kid to into the prom that carries a slide ruler, you may not get to dance for most of the songs. :)

Now if you had a workers comp policy, then you would end up covering any worker you hire; a year end audit would uncover that you had employed workers who did not carry their own coverage and so you would be paying additional premiums for the time (and tasks) that they worked for you!  

Quandra Adams If it is a contract for deed you can get away with less down payment but if you are looking for the owner to carry the note then I agree you would need something like 10% down.Where are you looking and what price range ?

Why should your other tennats be expected to carry their dead weight. 

@Ben WinchesterYa got a permit to carry with that name ::))