Hoping to retire in the next few years set the payments to pay off in five years.

New Bern is a historic area for tourist and a retirement place for seniors.

But really, tell the seller to go get a lawyer if the property is worth saving.

Your cash flow would go to a maintenance fund, and could also be saved towards the downpayment for your next investment property.

For some unknown reason you were tested today, you saved a fellow human's life, and showed what you are made of under pressure.

We both work full time, so I think the downside I need to consider would be a slow down to our ability to save and calculating the opportunity cost of our savings.  

I saved $12k in realtor fees.

During that time we will save up and purchase another property strictly as a rental property.I will send updates as we move forward.

If I'd have called my landlord a couple years earlier and found out he was interested in seller financing I could've saved a third of the price vs. waiting to ask about buying it 'til my self-employment and rental income made me able to obtain conventional financing.

@Royce Hodnett no 1031 yet, one refi, the rest of the capital came from flips, cash flow, and savings from my W-2.