Present your qualities and chase after your dreams, and i promise you will accomplish everything you want in life. 

You have to be careful to not go too low on the gallons per minute- saving money on water doesn't make sense if your residents aren't happy with their shower pressure.

Also, you are young but if you look at historical interest rates, they are very low.

At this point I can tap bank loans for much more favorable terms so I should probably hold off on any seller-financing deals until that no longer becomes an option.Overall, the deal seems lose/lose.  12.5% locked in for that long does seem like a low ROI for the seller (especially considering interest rates will likely rise significantly in that time), yet still too high for me for cash flow purposes.

So let me decipher this, if i understand this, you have someone that wants to be an onsite manager but in return he wants some income, low rent on his apartment along with utilities and cable included ?

Curious how you would advise someone who has a low valued SF rental home, free and clear, to be able to pull cash out.

@Ryan ConklinBe very careful buying low end property from a distance.

It's okay if inventory is low - you're learning to look at deals through a lens others don't have.

But a low interest rate is, of course, important to keeping cashflow-positive, especially around here where purchase prices are high.

Look on the Southside (SE Jacksonville) for low crime + new construction.