The issue is that it is considered commercial and most banks now will not lend on STR.Can someone point me in the right direction of who I should contact or where I should explore?

I think he might have personal issues going on and does not have the money to continue working on my job whilst he is probably working on another job.

If you have any idea, please let me know.thanks It sounds like you are in a difficult situation with your tenant.Regarding the issue with the shower, if multiple plumbers have inspected it and confirmed that it is okay to use, then it may not be necessary to spend the $4000 to repair it.

The issue I am not a fan of seller financing is the following:11.

-Lastly, any areas I should avoid that have had flooding issues in the past? 

Ask them when they issue distributions (anything before the 15th of the month is a red flag), do they require reserves, how is maintenance charged, do you see copies of outside contractor bills, do they upcharge materials (PM's have LAR accounts with Lowes and often get 20% off), do they keep all late fees or just the management fee, what other fees do they charge (renewals, inspections, etc), where are tenant security deposits held, how are evictions handled and are you consulted before filing, what screenings do they run, what qualifications do they require from tenants, ask for a couple other owners to visit with for a reference. 

I am a bit nervous to call him to ask for his address and TIN number, because I am so late getting to this.

I'm only working on 2 or 3 at a time these days, and I'm basically a concierge helping these people with title work that they weren't willing to face, and I'm helping them figure out issues on houses they were going to abandon practically. 

Only issue with this is that if owner needs money, you'll likely have to come up with the difference between the loan balance and the value of the home as a down payment. 

. - so I guess I need to estimate what those would be - he is in his 70s and has uncles and aunts that lived until late 90s and one until 102 when no one did) and a comfortable retirement (he is extremely frugal so that's not an issue).