You might want to look up Ray Glymph on socials (Instagram).

There are a lot of HOAs there, but they tend to be STR-friendly.

To convert STR to LTR, evaluate rental comps, hire a property management company, explore multifamily properties in strong markets, and use a 5% Fannie Mae loan to buy a multifamily property.Good luck!

BP advertising rules don't allow them to reach out here.

@Brenda Pursleyhi. welcome. happy to help.there isn't any cash flow right now in long term rentals due to interest rates being where they are. 

HELOC is not what it used to be because HELOC rates are so high right now.

Or would you not try to do this deal at all and wait to build up the cash position to fund the down payment, which could take 2-3 years?

You're not going to hire a PM to handle the eviction, most likely - no one wants to go through that trouble on the front end.

I want to approach the seller on a seller financing opportunity but don’t know much about it, and don’t know how to present to seller.

Market in a MinuteEast Tennessee home sales decreased 7.8% from the previous month, and decreased 1.0% from a year ago.The median sale price was $371,250 — up 9.19% from the previous year.Total housing inventory increased from the previous year – up 38.3% from a year ago.Half of the homes sold were under contract in 20 days or less, up from 11 days a year ago.40.55% of homes sold for the asking price or above, with 18.77% selling for more than the asking price. 8.04% sold for at least $10,000 over asking and 2.88% sold for at least $25,000 over asking price.The sale-to-list price ratio decreased from last month to 97.5% – down from 97.9% a year ago.New construction represented 12.36% of total home salesData Deep Dive: How's the market?