They are eligible for ROFR only if other conditions are met(i.e paid on time, no damage, non-refundable fee per exercise of it).That way you'll get them to behave well, can price accordingly, and hopefully keep them around if they are good.

The borrower was 11 months behind on payments and between the payments and legal needed $18,560 to bring the loan current.  

You may need an experience partner, capital or equity partner(unless you have the down payment), a high level contractor prepared for the various building types. rent rolls, proforma for the buildings.

I know this because I have 5 two bedrooms there.You could have possibly been lucky to break even in 2023 but now that HELOC on your primary home that you used as a down payment for your cabin is calling at an even higher interest rate than you planned on because the cash flow wasn't what you thought it'd be so it wasn't paid down as quickly as planned.

if your mortgage payment net of rent is equal to or less than what it would be renting, it's a better choice.say you could A. rent for $2000, or B. have a $3000 mortgage and collect $1200 in rent. 

Probably not an issue for seller financing, but make sure there are no prepayment penalties.You can calculate payment and balloon amount easily enough with excel or google sheets.

However, it is likely that I will want to use my commissions to fund repairs, use as a down payment, or even cover expenses on these investment properties.

People just getting started often have questions about how to get money for the first down payment.

He may have contractors in the area, and or realizes that price appreciation is going to occur.3.If the property is held in a retirement account, no tax will be due on the interest payment received, either Federal or state.  

They qualify you based on credit, down payment + reserves, and the projected rental income.