Long story short owner financing allows you to be a lot more flexible with the terms than a bank would.

I have been calling leads of properties that range from $150k-$400k and who state they are seller/flexible in financing.  

It is a small dog, and he has all the shots and immunization papers.The tenant is willing to add another month of security deposit in order to move in.I always have a NO PET policy but now thinking of being a little flexible this time,  bad idea?

You'd rather have separate mortgages, for future flexibility.

Borrowers have access to more flexible, faster, and cheaper capital and investors earn more by having access to short-term, high-yield investments offering returns of 6% to 26%.

Consider the scope of work to be done, if most everything is already done and they spend 30 minutes giving an opinion, that might have more flexibility.

As your rapport grows with the lender, their terms should become more flexible, increasing the efficiency of the financing and reducing the stress that this industry is known to cause!

It is flexible in setting up recurring automatic payments, or one-time payments, and you can specify who pays the $3 fee, you or the tenant.

I am flexible for time as long as we keep the driving during rush hours to a minimum

Canadian residential mortgage terms are typically 3-5yrs (5 being most common) and ideally you would want the exercise of the option to coincide with the end of the mortgage term (if you are financing the property ... if you are buying it outright, then you have a little more flexibility).Most of the folks who apply to your for your "Rent-to-Own" will have no (new immigrant, young person) or poor (bankruptcy, divorce, stupid) credit ... otherwise they would go to the bank and get a mortgage.