IMO, I don't think you should look nearsighted at any potential deal...your job is to find a way to monetize it.

How else can I monetize my broker's licenses?

:Purchase price $110,000Rent $1250/moMortgage $594/moInsurance $100/moTaxes $267/moRepairs (5%) $62.50/moCapex (5%) $62.50/moVacancy (Varies, but for this example 7%) $87.50/moProperty management $104.70/moNet ($28.20)/moSo, obviously there is a way to make money here or nobody would be inviesting. 

Remember,r, you are really chasing equity that can be monetized, not just real estate.

That monet is presently not earning it's keep and should be used to purchase additional cash flow properties.Dead equity is practically worthless and needs to be forced to earn a return not simply be hoarded as equity in a property that is a liability (personal home).  

Seller The seller can be one of your best sources for creative financing by loaning you the monet as a second morgage.

(For sure talk to lawyer before offering Monet, maybe even before talking to the city.

Hello Monet!

So for those of you who’ve followed my previous post on getting my first rental property via seller finance, I wanted to follow up and get some insight on some of the terms we’ve agreed upon and accepted (In escrow now) the terms are as follows.Purchase price $44kDown $500Note $43,500 financed at 8.5%9 year interest only payments $308.13balloon payment of principal at the end of year 9 (refinance)Rent $650-$680Property Management: 10% - $65/moInsurance: $43.75Taxes: $340.20/yr = $28.35/moVacancy Rate: 8.8% - $57.20/moCapex aka Repairs: 5% - $32.50/moNetting between: $115.07 and $215ish (not the best but something) My question is, with the terms agreed upon, I realized that because I’m paying interest only (Cashflow purposes) for 9 years and having to pay the full principal amount in 9 years, Does this mean I’m depending on the market appreciating?

@Peter Korty, you have to understand that we are in Kentucky, and unfortunately, $1900/mo could very likely produce $900/mo net, and that'd be enough for me to live on with my rooms rented out extremely comfortably.