The main concern I have is that this deal looks too good to be true. 

I emailed the real estate voicing my concerns.

In many aspects, net worth will not be a concern to a newbie investor, as they acquire more properties it becomes a factor for financing. 

I would be forthright with the renter regarding your concerns.

Hi AllI wanted to findout what type of concerns others have encountered regarding owner financing on a property when the owner is able to carry the note. 

And how concern should us new investors be with the interest rates?

Want to convert this into multifamily out-of-state (New York) last one was a 48 unit in Columbus.this little concerned with marketing the timing for a 1031 anybody with experience with this would be greatly appreciated

HOA may have CCR's concerning renters limiting exit strategies.

For me, the biggest concern was making sure my GC wasn't screwing things up.

If you'd like you can PM me on specifics which can lead to a phone call, much easier.BTW, my comment above concerning predatory was not meant to say you were being predatory, but that those acts as seen in that light, When you take something away from a buyer, a "right" or acceptable practice by agreement there needs to be some other aspect that balances out the fairness as consideration for that loss, an additional benefit shown for the buyer.