From a high-level, the pros are: - you can get into the deal with as little money as you can negotiate with the seller - this is a great strategy if there is a pre-payment on the mortgage because it doesn't trigger it since you're not technically buying it (just make sure you get approval from the lender that they're fine with you doing this.

As such lesser credit worthy borrowers slip through the cracks at varying levels.  

Our floor installer levels the floor with a floor floating compound.

When you take your photo from eye level and point that camera lens down, you are essentially taking a photo that is mostly flooring.

A baseball, basketball, hockey, or soccer stadium could be different though as there is a steadier level of activity associated with 40-80 games per year than just 8.

It can turn into a legal mess with a PG and seller finance.The option gives you the chance to see how the property really performs at it's current base level to determine If you should walk away or you think you can turn it around.Is the seller wanting to owner finance because of most depreciation has been written off and they do not want to 1031 and instead take capital gains in small chunks over time given their older age??  

You will most likely be signing as a recourse loan and banks will most likely be concerned on those numbers at your personal level too.

Am I correct that you are not a turnkey provider but a facilitator that adds another level of expense to obtain the property?

Time is your greatest ally in the buy and hold real estate game.  

My comments here were to encourage all to move forward and learn to operate at the highest level and be successful.Come see my latest deal at "my first mobile home flip in Southern California" on bigger pockets  I picked this home up on short sale for 50.13% of ARV.