Making money from seller financing?

[Daniel Bryan]

Hey everyone, first post, new to the community, and looking to grow my knowledge (and wallet) to start buying in the next year or two.

I wanted to know if anyone has some great strategies for using seller financing as a primary revenue-generating strategy or if there's any pit falls I should look out for. I really like the idea of buying cheap properties that need a little love, rehabing them, and then selling with seller financing. That way you still make a regular income but don't have to be a landlord. Plus every time the house sells you start that amortization schedule over and you're on the "winning" side of the payments from the new owner so to speak.

Obviously this only works when you've got low payments yourself or you manage to increase the value of the home significantly, but is there anything else I should be looking out for here? I'd love to hear some personal experiences!