These business limitations are not applicable to small businesses.

I was envisioning a two part calculation for the monthly mortgage payment - I see it as a VA loan analogy with no money down but the loan structured with two interest rates (one for the TSP down payment and one for the 30 yr fixed rate mortgage).I guess the real question to ask myself (using your situation as the model, assuming positive cash flow once TSP is repaid) is whether I am okay tolerating the potential 60 months of negative cash flow to get to the positive cash flow after 5 years.- Maybe if it gets the deal going and leads to a cash out refinance before the 5 year mark that allows me to speed up the TSP pay off.Wow - Great food for thought. 

Are more risk averse investors just avoiding these areas, even if they have good STR potential?

I think we can all agree that the potential risks involved are something to consider prior to selling a property using seller finance.  

Investment Strategy:Buy and HoldInvesting herebecause: Potential to Appreciate in Long Term (10yrs+), want to build NetWorth, Affordable in my budgetYear 1 Evaluation: Gross Monthly Rental Income = $2,042.50 Monthly Cashflow = -$76.05 GRM = 12.79 Cap Rate = 5.12% CoC ROI = -1.11%Hoping that theinterest rates go down so that the monthly cashflow becomes +ve.

My policy is that the approved applicant has 24 hours to pay the deposit in full and with certified funds.

In parallel start talking to other potential candidate GC’s to see what their costs and schedules would be like (make sure you ask them how hard it is to transfer permits).  

Another note on the renters insurance conversation.Even if renters insurance is applicable in this case, there would be likely be a deductible that applies. 

In the meantime, please completely fill out both the Rental Application (included with this letter) and the Lease Agreement.

I can help with cold calling.Cost per lead is usually going to be in the $20-$50 dollar range (assuming a VA cold caller with native English) and a cost of about $0.20 per record for them to call potential motivated sellers (high equity, certain age, etc).CAC is going to depend on your conversion skills, but within 3-6 months can be $1500 to $5K depending on how many leads it takes you to close them.