Higher Yields: With distress levels rising, project sponsors are willing to offer more attractive terms to secure the capital they need to stabilize their projects.

What's the risk to the local roads for short and long-term hazards?

You called the $1800 your "cash flow". 

I can see the advantages of being able to get a down payment to reinvest in a small MFR and I will be able to capitalize on my lower interest for some positive cash flow.All of the disadvantages I can think of involve some upfront investment for legal advice and work, time for further education and that's about it.Any feedback will be greatly appreciated.Thanks all!

What is your ideal long term goal with real estate investing?

Purchase price: $525,000 Cash invested: $125,000Multi-Unit in Small towns is amazing.

Is it currently cash flowing?

A few terms that will make this owner financing work for me as the seller: 50% down on the purchase price (it is raw land fully entitled and permit ready to build) and taking the 1st deed position.

This will help you to complete larger chunks of rehab at a time while also letting you leverage your cash should another good opportunity for a project come your way.

On the one hand, I know they are all anxious about what the new terms will be - perhaps I should tell them ASAP (I move in at the end of this month and have a lease/occupancy agreement with the owner until then).