I want to present myself as the property manager rather than the owner.

While the lack of income tax is a huge draw for many, I agree that property taxes can quickly eat into profits, especially for investors renting out properties.

They will focus on analyzing properties instead. 

We currently have one rental property that is fully paid off, generating $2,150 per month in income, with expenses around $1,000.

I am sure the answer is "it depends" hence the term "creative financing" but was hoping people might offer a few examples to help me think more about how i might approach deals where the seller is motivated and the property as been listed for a long time. 

I would offer 90% of the market value. if he sells it you with no agents he is saving 6%~ on real estate agent commission and the other 4% is a convenience fee in that he dos not have to endure showings etc. and you will get better pricing on a non-owner occupied property if you put down 25% is compared to 20%.  

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $241,500

Cash invested: $8,452

This was my family's starter home, which we kept and now rent out.

What ma...

Every time my wife and I purchased a property the numbers never looked attractive on day 1. 

Choose the right property, manage tenants, and consider space considerations.

Or there are properties with reasonable views but don’t have a pool.