Renting a seller financed property
Hello. I’m currently located in Virginia Beach and interested in a property in my hometown in GA. The seller is offering “seller financing” to qualified buyers. I have yet to speak to the seller, but I’ve done some research on negotiation options and promissory notes that may fit my financial situation. I’d like to know what you all may be able to add or educate me on. Also, is it typical for my self, the “buyer”, to rent out said property under these seller financed conditions? If so, what are some pros and cons of the transaction and deal, as a whole? Thanks.