You'd need to evaluate risk as over leveraging can lead to disaster if your tenants stop paying.

Scenario 1: Pay off all mortgages and my net pre tax cash flow is about $120k/yr.

Now it is a loan so this means you will have to pay it back when the loan is payed off or when you sell the property, but regardless it could my ticket into owning my first rental property.

This take time and your demonstrated ability to pay on time, not so much the amount of volume you do.

Unfortunately, I don't have the data for this on hand to look at, but that's what I would be paying close attention to.

Would it just be a double close to pay off the seller financing and I walk away with the appreciation and cash flow earned while under my control?

If the owner redeems, they also have to pay your legal fees for the ejectment, though.2.

In other words, the deal should pencil whether you finance it or pay cash for it.

I told them I didn't want to do the consortium deal, so they offered me another one where I would need to pay a 30k USD down payment and have an EIGHT PERCENT INTEREST RATE.

I'd be using the BRRR strategy to pay back the credit cards.