Granted, the vacancy rate would be significantly higher.How long have you been doing business in Castle Rock specifically?

@Jason HowellIn terms of goal setting, there is only one book that I can recommend that really puts into words the way I feel.The 10X Rule by Grant Cardone.  

Other than submetering, I'd recommend you ask to see the leases and whether each person has a security deposit that matches their present rent.

Granted it has no pictures but red flags are popping up for me all over.

Ideally, looking for something like the Bank of America 3% down, but not sure if that will combine with a down payment grant. 

Because this deposit typically transfers over to the new tenant's security deposit, should I be charging an amount equal to the security deposit or only a fraction of that amount?

Hey there, my name is Grant and I am a new agent in Kansas City.

Private owners are more generous with giving back security deposits, are less likely to raise rent, and free furniture is free furniture!

I would talk to a good securities attorney like @Jillian Sidoti to see what issue you may need to deal with. 

Whereas you would ordinarily indicate earnest money, down payment, financing and total purchase price... in an owner finance deal you would spell out the exact financing terms such as:Seller agrees to finance $x of the purchase price at y% interest over z years, secured by a first lien deed of trust.