The mortgage & re industry does not want to see seller finances and the banks don't want to see their loans that they underwrote transferred.

A knowledgeable realtor can help you find properties that are well-suited for house hacking.I hope this helps, and good luck with your first deal!

I rent nice places to renters all the time and they take good care of the property, pay rent on time, communicate well, etc.

I hope this finds you well!

I'd love to get some info about the Philadelphia market as well.

Whatever rent income/expense we receive/incur, is it split the same % as well?

For buyers or their brokers with well capitalized investors, inquiring directly for verification of a property whether it has an assumable note is good practice while interest rates remain elevated. 

The area you love is loved by many folks and should do well if you can buy it right and get some decent terms.Reach out to @Avery Carl at the https://theshorttermshop.com/ They have the pulse on the Smokies as well as other areas.

BUT, the insurance industry would not be in business if they paid all claims.

Most lenders do not like these lower property values because they are too risky of an asset class, little return in interest and fees, and long term financing will be an issue as well.