Biggest thing is to make sure the agent and title company are competent in Seller Financing, I personally close my Seller Financing deals with a title company who has a real estate attorney on staff.   

Now the debate of where rates "should be" would be based on the quality of product each person/owner offers. 

This is a different person cleaned after cleaning people cleaned for a short-term rental. 

Have you asked the person who trained you for direction? 

I've done some with owner financing, I have taken personal loans, and I have paid cash for the property.

I have personally seen this come to 30-50% of the value of the home.

It almost seems to good to be true to be able to get the same returns as a Certificate of Deposit.https://finance.yahoo.com/personal-finance/best-high-yield-s...

So instead of driving around you can use pin to find the property and the person.  

I am not one of those.I do personal communications with all the guests and they have my cell so they can call or text.

But, personally I wouldn't start the renovation until I'd had done a background check on the person who lost the property, to see if they have other assets they could sell to redeem the property or relatives who might help them out.