Another pro would be that there are a lot of buyers who cannot meet the criteria of traditional lending institutions, and therefore entering into an owner financing deal could be their only option.

Hello Kris,Despite the job situation preventing you from getting a loan from a lending institution, there are some options you could consider.

Shawn long sells homes at g m a i l

Hey BP community,I may be relocating back to Boston, MA area (born and raised in central mass for 17 years) from Dallas, TX and wanted to speak to an investor minded real estate agent about some options I am considering if I move back. 

I say this because I went to my primary bank and spoke with a loan officer for the better part of thirty minutes before she told me that they don't lend on manufactured homes.Now, this is not to say that  every lending institution won't lend on such properties, but some won't, and you want to keep your eye out on it.I am also curious to know.

If you're getting a high cap rate, check out:What's the cap rate for a large institutional deal in the area?

Investment Info:

Single-family residence other investment.

Sale price: $700,000

Negotiated short sale

What made you interested in investing in this type of deal?
Homeowner called me due to f...

If you you are a wholesaler in the Worcester MA area or have connections I would enjoy the opportunity to speak with you. 

Investment Info:

Single-family residence other investment.

Sale price: $315,000

Negotiated short sale

What made you interested in investing in this type of deal?
Homeowner called me due to f...

I realize that the majority of people on BiggerPockets skew much more towards being cash flow investors, but I don't believe that's representative of professional investors in general.When I worked for commercial REITs and other institutional investors, we always looked at IRR first, and cash flow was always a secondary test.