Without more context, it's impossible to know whether the owner financing terms are reasonable or "ridiculous." 

Attached is a picture of the section for terms.

Lenders may require additional documentation or have different terms for new construction.

This is part of the reason that we (our clients) have few properties well south of HWY 160.Infrastructure will be a long term issue.

The condo has an HOA fee of around $1,100 per month and offers the option for short-term rentals.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

As I expand my portfolio, my focus will be on diversifying investments, optimizing property management, and leveraging refinancing options to maximize returns.My long-term vision includes stabilizing my portfolio, achieving financial independence through passive income, and strategically planning for growth and exit strategies.

Short term, I'd probably buy the next property and live in it while I'm adding value.

If you decide to move forward with a second lien, negotiate favorable terms.

Maybe operate it as a mid-term/short-term rental?