Any small blip in market values and if the lender has to take back the property in foreclosure after resale costs they stand to lose money on the loan.I have seen owner finance deals before at the bottom cycle for 10 to 15% down but in todays market there are too many buyers for cash or considerable down with a smaller loan.If you do allow a structure for owner finance that puts 10% down likely the price and terms will not be in your favor in exchange for the seller taking on more risk financing the note at a high LTV.You might try to bring on accredited investors to make up more of the equity stack to meet the lenders requirements on a larger deal for a typical loan LTV .

Bottom line is Vacation STRs are riskier and more work but the pay off could be much greater.

Bottom line, make good offers.So, say you get a property under contract for $150,000. 

Bottom line is you gotta live somewhere.

IMO safest bet is probably to do that seeing as then they are the neutral third party responsible for tracking payments, holding the deed of trust, and providing the payoff statement when your client pays off the loan, etc., rather than having the seller do this.

Did they replace Bottom and top, ie dead bolt and the door knob?

Buy it at the top of the cycle, or bottom of the cycle?

The bottom line: there will always be a need for four walls and a roof.

(If you haven't read it - I recommend it.)Assuming he meant an exotic dancer and not a ball room dancer, I would just let the dancer know that he/she is not allowed to operate any business from my complex (legal or illegal), so, if he/she is making any money on the side, I don't care as long it's not happening at "home".Bottom Line: You'll always guess wrong about who you think your best/worst tenants will be.

Bottom Line looking for maximum value closer to 80 % on ARV.