(Assuming the numbers work)-Inquire with bank about their willingness to sell current note (depending on performance) at a discount.

Just be consistent. 

It can turn into a legal mess with a PG and seller finance.The option gives you the chance to see how the property really performs at it's current base level to determine If you should walk away or you think you can turn it around.Is the seller wanting to owner finance because of most depreciation has been written off and they do not want to 1031 and instead take capital gains in small chunks over time given their older age??  

There are other units similar to mine, which even may be more updated in the area and the property still gets consistent tenants and attraction.  

No it is not off grid it has consistent power, central air and heat, water, and all the appliances of a normal house.

We've gone over this before: The 'Financial Analysis' tab shows the year-end financial performance of each property. 

People that don't perform reasonably I don't call back so I have subs and GCs I use regularly and they take care of me. 

I believe I would like to be in the buy and hold area of investing, however I would like to perform 1 fix and flip over the next 6 months. 

Assuming this is performing loan, your annualized yield would be ~65% at that purchase price. 

It's just that I need a consistent monthly cash flow, which currently is hard to do in Northern Cali if I were to buy something today.