The benefits greatly out weight he downsides. 

I think of seller finance as another 'tool' that you can use to close on a purchase.You can provide the seller(if he has anough equity) the option to purchase the property with a mortgage(with the bank) or to offer seller financing where the seller can get additional monthly income via interest.An example would be on a house where the seller is asking for $400,000Offer 1 - I can offer you $350,000 for the house with bank financing or I can offer you $380,000 if you allow seller financing. 

All the information I’ve seen about “subject to” is the benefits to the buyer.  

Just make sure you’re running it as a legitimate rental business (Schedule E won’t capture those benefits as well as a business structure might).If this were me, and I had the liquidity to stretch from $50K to $75K without draining reserves, I’d do it — especially since you’re getting both cash flow and appreciation potential.

Write a good prompt, tell it everything there is to know about you financially, currently and goals, also preferences and risk tolerance, that might be several pages, tell it to ask you additional questions until it has enough information.

With pass through entities, there are no tax benefits, so there's that.

After informing the other lenders that I had made a decision not to go with them, they came back with additional information.

Holding rentals longer gives you depreciation and expense deductions that reduce your taxable income and create long-term cash flow.With your construction and project management experience, flips could play to your strengths, while multi-family or rentals near the Army base could generate steady cash flow and tax benefits.

In California, putting properties into an LLC means paying the $800 annual franchise tax and possibly additional gross receipts fees if your income gets high enough.

I delayed more than $60k in taxes even though I live in a state with no state income tax or it could have been closer to $90kMy TOTAL additional cost was $700 give or take.