I have found that when doing fix/flip, I like to use a lender who will do interest only for the period of the flip (usually 13 months or less) which is less interest that a HELOC.

Most of the time the seller was either going to pay off high interest debt - like 19% credit cards, or invest in a greater investment opportunity.So, considering all of this, why do owner financing deals get made?

Respectfully,Zach The best bet is likely to create a new LLC that lays things out in a straightforward but legally strong and standard operating agreement, etc. - LLC doc sets are fairly cheap and easy to create these days (with limited assistance from lawyers) and its much much better to have that cover bases on arrangements like this - it will also fit nicely with financing options - whether you take on debt from a lender in a co-equity situation like your first plan (refinance loan to LLC post rehab?)

Purchase price: $75,000 Cash invested: $95,000 Bouight this 6 units with owner finance.

the appraisal should have considered the deficit and wether it was actually one on, like just sold, housing.  

In such a case, I'd prefer that the lease be month-to-month for this very reason.

This way there will no be loose ends and title transfer will be clean, you wont even have to issue a quit claim deed.

. #4 Once you're comfortable with everything and you find a deal you like, pull the trigger.

They're not like big conventional banks after all (correct me if I'm mistaken).I found one that does a soft pull so I'm thinking there's nothing to lose. 

Just like this nonsense and self promoted stuff:“Matthew Seyoum, Investment Strategist at RTR has provided exceptional support throughout my journey from searching for a rental property to closing the deal.