Have a conversation with him.

Property has been there for 100+ years and is not a conversion.

The biggest constraint on these communities is financing rate uncertainty.

A deal could look good at 7% interest rate with 25% down, but underperform at 7.5% and 30% down. 

I vividly remember the countless hours spent driving to and from remote locations in rural Manitoba, alternating between early BP podcasts and Jim Rohn recordings.Over the next two years, I adopted an extremely frugal lifestyle, enabling me to achieve a 75% savings rate, sold my custom truck for a used Toyota, traded my new home in the burbs for a duplex (house-hack) in a challenging neighbourhood of Winnipeg where attempted break-ins were commonplace.

He would be safer in a savings account at that rate (I know what you're thinking... appreciation, though).

They also claim that their property management fee is 10%, which is true as long as the unit is occupied, but if you factor in the first month rent payment for placing a tenant and a 5% vacancy rate (about once every two years) then the property management fee is closer to 15%. 

Im thinking of renting out my primary which will cashflow $650 (no management fee, self manage) because of low interest rate i got it for 2% which still has 2 years before rates renew. 

@Sebastian SoveroThere are 3 main parts to a seller financing deal: down payment, interest rate, and price (4th would be the term).

. # of: calls made, conversations, contacts added to their database/crm, appointments set, appointments met, offers sent, and anything else you can think of.