Hey Bans,  the ARM seems like a great option for the increased cash flow in the short term and interest savings for the 5 year period.

You will likely find a lot of prospective partners as well.

If the property were transitioned into a vacation home after a short period as an STR, this would likely complicate the situation regarding tax benefits like cost segregation and depreciation.

However, when dealing with a seller that you know owns the home outright, what is a very simplistic way to explain seller financing, what the process looks like, and the benefit to the seller?

I'd like to build on it (if anyone familiar with the area has a contractor they'd recommend I'm collecting names!)

Don't know you or the defendant but would like to know your underlying purpose.  

If you’re looking for help from a team that lives and breathes STR, treats your real estate journey like your own, and wants to build success together, do not hesitate to reach out.Web: www.LFListings.comIG: @LiveFreewithJD I actually lived in two of these places as a kid (Pocono Farms & Stillwater).

I liked him and what he was offering (and being in the coaching space myself, I’m not at all bothered that he was selling something) but I’d never heard of him before, so I wanted to do a bit more digging before signing up.I am curious if anyone in the BP community  has had experience specifically with him, his courses or coaching program and would mind sharing their thoughts. 

For your scenario, there are no one time close options for something like that, but I wouldn't do a 1 time close anyway because they are an absolute nightmare for clients and developers/contractors who actually want to get paid in a timely manner generally. 

@Stacey Wells This post troubles me & sounds like the rhetoric the social media real estate gurus teach.