Penciled all of this out so if some of the math looks off you, feel free to ask!

Any wood stoves or secondary heating units.

(I understand the basic math, but could use some help in things like ballparking reno costs.

Will possibly change the secondary market for a month or so.

Is my math right on this?

I didn't do the math myself, but I wouldn't be surprised if it's closer to 2k/mo with a loan balance of 230k +/-.

If you do the math and just pay that $500 directly to principal you get the same result without the hassle.

Going to have to do some math and research.

@Zach Olmstead,Seller financing actually offers quite a few benefits to sellers:Create cash flowLiquidate properties banks won't financeLarger buyer poolConvert rental income to more passive income (no tenants, toilets, or termites)Maximize selling priceInstallment tax sale advantagesNotes can be sold on the secondary market As a savvy buyer, you want to ask questions and listen carefully for the seller's pain point(s).

The cons are higher value fluctuations, fewer buyers of the notes on a secondary market, higher chance of default, and a smaller pool of buyers if you get the land back.