Downside would be that you have to wait a longer period of time to do this again while you gain equity and stack capital.

Rent is due on this day, period, if not paid, X will happen.Screen, screen, screen, screen, verify, verify, verify, verify.

For seller financing what I would do if you can come up with a game plan on a value add or way of getting additional funds within the time period.

At the end of the day everything happens for a reason and I have a much different understanding/approach of having a home vacant for any period of time!

@Raymond Santos looks like a good deal to me period what zip code is it in?

In that year period they would've spent $21,600 on rent.  

Our plan is to hold long-term (10+ years), with a primary focus on positive monthly cash flow and equity capture through strategic renovations (targeting a 10% to 15% increase in equity above the cost basis), with a secondary focus on properties that are likely to appreciate in value over the investment hold period and tax benefits derived from investment real estate.Right now, we are trying to identify real estate brokers/agents in the DFW area that specialize in 2-4 unit buildings with a real estate investor mindset.

They care about income, credit worthiness, work history, period.

Everyone of our properties has appreciated at least $1K/month over the holding period. 

I will look into the 6 month period.