VRC Platinum-rated short term rental residence offers the highest rental revenues possible.

Section 8 tenants will generally not tell you issues in the property and then tell everything to the inspector which gives you a short period of time to get a lot of work done or you will get abated and lose the rent for that portion.Section 8 tenants are MUCH harder to evict than normal tenants.Happy to talk more about this if you want. 

You have people getting private money at 4%... you have hard money lenders making 15% + 4 pts leading to 20 - 30% returns annually.Are you looking to attract investors who are protecting equity and want a nice solid return... or people who are looking to actively grow their wealth?

@Nadeem, seller comes of real arrogant none the less I maintain professionalism, he wants nothing short of $150k. 

The answer to any of these questions may lead to additional questions. 

While HMLs advertise Points & Interest rates, you'll see there are MANY more Fees associated with this type of loan product, in addition to a lien being placed on your property and a short timeline typically to operate within before they foreclose if you're not able to exit/repay the loan.

Rent by room is doable but tricky and possibly could lead to other issues.

If you take the owner financing and it is paid off shortly you will have a large tax burden at that moment. 

From there, you can figure out if additional benefits can be achieved via real estate professional status or the short term rental loophole for instance. 

I’m considering keeping it to do short term rental and producing some cash flow while paying off the rest of the loan.