I met a potential tenant yesterday who balked at every requirement (extra rent for his pet, paying for the credit check/background search, online rent payment).

There's a book called "The Total Money Makeover" by Dave Ramsey that's a great place to start, although, as Dave also advises repeatedly throughout the book, you should commit to reading at least one other book a year about personal finance as well.

The bank total charges would be 238k120k at closing 30 fixed at 5.827%The seller financing is a much better deal on the surface, im just worried about losing out on some protections I might get with the bank. 

So, if market rent is $3000 for the other 3 units in a 4 unit building, then $2250 could be used to offset the total housing payment. 

Both currently rent for $500 each with the landlord paying water, $100 total/Month.

I do want to stick with 1-4 unit properties for now and am totally open to partnering with another investor.

@Curt Smith just to be totally clear... renting or leasing, the property owner is responsible for the repairs in both scenarios?

We are yet to talk about total price, as he says, give him a number.

However, my house is totally paid off and with the extra money i inherited, i would like to make money with it and start investing in rental properties.

Hi @Cristian Aviles-Morales You can probably just find a room rental agreement online somewhere.