Your offer is Conventional rather than FHA, meaning more appealing to sellers.

@Nathanael Tinaya when looking at a historic home you'll want to call the town to see what renovations you can and can't do on the property, some of the rules that govern historic properties can be limiting in certain instances and can hurt you bottom line (ie. having to replace a slate roof) or ARV (not being able to update curb appeal or add central heat or air).Also with the seller finance portion make sure the terms don't ruin your deal, the balloon payment can wipe out your profits for years to come if its too high for instance so you may want to double check that the terms of the deal really make sense and to ensure you can cashflow for years to come with whichever method you choose

. - FSBO - owner offering financing: 20-30 years at prime +2% and 15% down - owner financing appeals because I don't have W2 income so I won't be able to get a conventional loan, though perhaps could get a debt to service loan since it is a rental property- Renter in the property, owner says they are a great tenant, currently paying $1500/month, tenant covers all utilities.- According to owner, in very good condition, no major repairs, newer roof and AC, recently painted.

. - FSBO - owner offering financing: 20-30 years at prime +2% and 15% down - owner financing appeals because I don't have W2 income so I won't be able to get a conventional loan, though perhaps could get a debt to service loan since it is a rental property- Renter in the property, owner says they are a great tenant, currently paying $1500/month, tenant covers all utilities.- According to owner, in very good condition, no major repairs, newer roof and AC, recently painted.

I plan to appeal but as an out-of-state investor, it is very challenging.

Have you read this:  https://www.biggerpockets.com/...While I understand the limited liability aspect is appealing, its not always necessary. 

Doesn't sound like a "B" from the way he is describing.Personally, I can see wanting a better location and better setup, not every bargain is appealing.

Remember, you're trying to appeal to the masses. 

You mention a small bedroom, so I wonder if the layout is less appealing than others.

Hi All,Any suggestions for marketing an STR that lacks curb appeal?