You’ll likely qualify for better interest rates and lower down payments with a conventional loan in your personal name.

Of course, putting more down like 30 % would make it look like the property cash flows well, but is it worth it to put that much down, or is 20 or 25% down better depending on which gives you a better interest rate?  

For you, you likely have crossed the level of it being a trade or business.

But it looks like you better be prepared to comply.Non-Compliance is $500 per day.

(They’re also in the midst of being evicted for non-payment so I feel like I don’t have that much to lose here).

Hey Bans,  the ARM seems like a great option for the increased cash flow in the short term and interest savings for the 5 year period.

You will likely find a lot of prospective partners as well.

However, when dealing with a seller that you know owns the home outright, what is a very simplistic way to explain seller financing, what the process looks like, and the benefit to the seller?

I'd like to build on it (if anyone familiar with the area has a contractor they'd recommend I'm collecting names!)

If the property were transitioned into a vacation home after a short period as an STR, this would likely complicate the situation regarding tax benefits like cost segregation and depreciation.