So, if the seller is unable to do it from their proceeds or something, then I would budget for that amount out of pocket if it is still a good deal at those terms? 

If the unit they are currently renting does not meet that requirement, then they will need to move to a unit that does.The landlord is under no obligation to lower their rent or change their terms for an existing tenant.  

Longer terms are available as this is considered a second home.

We are in the process of flipping our primary home and have found costly repairs that are needed, and we simply cannot come up with the needed funds to pull us through when we list in September. We fully own the prope...

I co-own a short-term property management company.

“They kind of tend to use the term on the assumption that everybody already knew what it meant.”'

However, I will say, if it is a year payment, it is advisable to hold the year's rent in trust and pull the money out as each month's rent accrues, just in case there is a dispute during the term.

With your proposed seller finance terms, you'd see serious negative cash flow for years! 

The long term play would be to pivot to MTR/LTF afterwards.

Here would be the terms with the buyer:Sales Price: $315,000 (NOT worth this.