The whole reason folks are looking at seller financing is to dodge the already high interest rates. 

Example: If there are too many STRs and you can't get the occupancy high enough then you could switch into MTR. 

Jimmy,The key thing to note here is that they have high limits on their Insurance for Liability.  

The best way to add equity in your first deal is through sweat equity where you can actually do some of the renovations and you are not paying full cost for the renovation project, but this is highly dependent on the condition of the property you identify.

I have about $250k in equity in the home and my realtor believes if we list it we will probably get a bidding war in this market and since our neighborhood is highly desirable.

I'm at GBF, high table on your right as you walk in .

Great strategy that should be highly considered in my humble opinion. 

The traditional LTR is becoming less and less affordable for the general population. 

Two high level quotes come to mind "Let your winners ride" and "a great value asset at a fair price is much better than a fair value asset at a great price".

Whatever the type of financing might be, they usually have maximums not allowing deductibles that high.