Looking to connect with a few to gain more knowledge.

Where is that extra $20K hiding?

One big advantage of a seller financed note is that, in the future, you can try and negotiate a lower payoff amount If they owe what its worth, you don't get that extra bonus in the future.

So in 5-6 months from now you could have an extra income through cash flow of $2650 Dollars per month. 

I would make sure you're knowledgeable on Maine's landlord-tenant laws regarding security deposits and the risks associated with renting to a smoker before following through with any of this.

-knowledge of rental market (by street)-are you creating a long term team?

Also need feedback regarding seller financing versus 203 FHA loan that will allow for extra $ to make the repairs and updates.

I’ve just been trying to suck in knowledge, on how to do all this.

Very knowledgeable in this area and I believe they even have a STR located in that county.  

Because I'm raising this extra equity up front, my cash on cash returns are lower than I'd like in the early years even though my cap rate and project IRR are where I need them to be.2.