The thing that will be a big part is what the seller will want for the property.

And also to be fair, I also have no experience with owner financing so I only assume their original loan will still show up as owed since it would be "wrapped" around the owner financed one, yet still exist.I will definitely discuss this with my lender, first time using a HELOC and I'd rather be clear with all parties what I'm doing.

If I do multiple transactions with one buyer, I will negotiate further, but this depends on how much work the buyer is doing, or willing to do in the process.If the listing agent/seller is offering 3.0%, agreed to in advance by those parties, great! 

@Jason Brown  My mentor when asked if he regretted a deal based upon how much the other party did his response was, "If I agree to a deal, and I got what was expected, I never second guess it or resent the other party." 

(And if anyone out there is already doing this on Kerr Lake, it’d be great to hear from you.)Definitely looking to “win on the buy” but the hard part is evaluating the rental income potential of a given house or the lake as a whole.

They should also do all of the management in-house and not use a third party.

Perhaps a nice 1950's built bungalow.Always hire a 3rd party property inspector to give you an unbiased feel for the home.

In the majority of cases, getting a lawyer in the mix is enough to scare the other party away.

Upon sale, both parties are then compensated accordingly.  

The earnest money should go to a neutral 3rd party.