@Scott AlvarezThere are 3 main parts to a seller financing deal: down payment, interest rate, and price (4th would be the term).

Well you cant BRRRR at 7% interest rate in a market that pays 3% Cap Rate on rentals.  

The reality is, it's not going to last.Only those hosts treating this as a business and offering the best product are going to keep both rates and occupancy high.

Calculate your gain after selling costs times 15% plus the California rate.

Also check the fire departments ISO rating.

Yet with rates higher and banks paying 5% ON CD'S why take the risk with such a low cap?

I was wiped out as second lien holder which got me to thinking about legitimetly becoming a private lender.My question is if I already make 7.5% off a few of my 250k condos, then how does private lenders (not hard money lenders) make money off charging 7-8% returns when they can just purchase condos in cash for the same CAP rate?

You can always do a HELOC on you primary up to 90% LTV vs an investment property only up to 75% -80% where rates are also slightly steeper.

Crime rates per capita here are pretty exaggerated as a huge chunk of crimes are committed by folks from out of town. 

Also, insurance rates have been jumping higher recently.