And the bank will need a contact person for security reasons.  

If they are intending to buy another property, they may NOT be able to consider seller financing.If they are in a position to consider seller financing, you have to mention the benefits to them specifically and that varies from person to person.It is a learned process.

-Can anyone share their personal experiences investing in these areas ? 

Which means I may well have been the only person foolish enough to bid on it, among the billions of people with internet access.On the other hand, the fact that the owner didn't pay taxes since 2018 is not a big red flag.

As expected, I had to personally guarantee the loan but it's now in my business name and reporting to my business credit.  

However the tenant is telling me they have personal issue and wants to move out of the lease or asking me options to break the contract. 

@Caley Crossman Several of my clients have successfully used a Self-Directed Plan (RRSP, TFSA, etc.) to hold a mortgage against their own personal residential property. 

I work on most of the southwest Florida gulf coast area and there are some awesome long term hold spots that I personally have some investments and have helped other invest as well!

Thank god I did because I received it on the last day I could go to the assessor and talk to her in person before I the may 28th appeals datethe letter reads that my new assessment is 590k and that my new taxable rate was 91% of that 590k.  

The person you mentioned has no formal credit background.