With the market the way it is, high Interest Rates, and multi-family deals getting sold as soon as it comes on market, I'm lost!

Once you have more assets in your portfolio, you will get more favorable rates and terms.

In short though you're going to need a purchase agreement and could even use the standard real estate contract, and some people use a warranty deed.seller financing is when you don't have to give the seller some or all of the cash at closing, and then you don't have to get a mortgage (or as large of a mortgage) and you're able to make payments to the seller.

There are a lot of variables involved here.Min down payment requirement to meet min DSCR would most likely be 25%Whats your estimated credit score?

They were paid off in addition to the homeowner, and I pay the mortgage (PITI).

My company is looking at the acquisition of a pool of first position non performing residential mortgage notes in various states.

@Travis DalkeThere are 3 main parts to a seller financing deal: down payment, interest rate, and price (4th would be the term).

But if you would like to take advantage of their rates and terms while at the same time decreasing your tax burden then this post is for you!

I do not want to refinance the property because of the current interest rate with the owner-financing. 

I think you hit it on the head - depleting your cash is, in my opinion, a calculated risk worth taking due to your savings rate.