It is a great idea if you can find a great borrower.Personally I probably would not do seller financing on a STR unless the borrower had deep pockets and would give a personal guaranty (with something behind it).

Has 295 feet of road frontage and is about 395 feet deep.

It would be 85 feet deep and 140 wide.

I have updated the following to the property:- Ripped out carpeting and installed Vinyl Flooring- Refinished all bathtubs and sinks from a deep green to a bright white finishI have learned so much from this first property that I wouldn't have learned without the experience of just jumping in!

Im not saying that you have not found something good, but don't be fooled, EVERY market has savvy investors with DEEP pockets.

I had the place inspected and was told there was no evidence of an infestation and was recommended to not do the treatment since it would cost me $2,000 and do a deep cleaning instead.

Metro Detroit offers many options for meeting the 1% Rule and relatively high ROI.Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...The two most common mistakes we see investors make, over & over again, are:1) Not understanding and running their own ROI numbers2) Not having a clear understanding of the type of asset a property isIn our opinion, your best team member should be your Property Management Company (PMC).

I'm in deep Eddy.As for Bask, stick with large banks.

I decided to jump into the deep end for my first home purchase project, it is much deeper than I wanted..... 

Take a deep breath, keep pushing forward and it will all work out!