I couldn't agree with @Amit M. more about the variable rate financing aspect, along with the differences in vacancy, especially if you have a single-tenant building, large single space, or unique building.

BTW, if you get involved in any seller financed note or installment contract, your cash purchase changes to complexion of an equity financed obligation to the extent of cash paid as a funded loan that can impact foreclosure and deficiency aspects...but that's another matter.Impressed with your recognizing the importance of pre-origination aspects as well as post closing matters.There is no flow chart that I know of for note due diligence as there are infinite concerns that may need to be addressed and the road can take sharp turns without notice.

Welcome to BP community @Keith Anderson  It is a great place to meet new friends and learn about various aspects of real estate and more.

Could add some valuable pantry space that appears to be lacking.Also consider that right now your kitchen space is defined by the change in floor.

What aspect of REI are you trying to get into?

What do you define as a "deal"?

I have a lot of questions especially on the legal aspects of being a landlord and look forward to learning from the collective wisdom on this site!

No one outside of our world knows what that is, and it LIMITS the way you define yourself.  

Still legally defined as an SFR, but in a practical sense, my addition makes the property a triplex.

Welcome to BP community @Robert Murphy It is a great place to meet new friends and learn about various aspects of real estate and more.