However while the chances are very slim, this route violates the due on sale clause in the Deed of Trust you signed for your loan

We wrote this handy guide (with videos) about collecting rent with Cozy that you might find useful: http://helpdocs.cozy.co/article/263-guide-to-onlin...For the sake of clarity around Charles' issue, I personally provided proof to him that he was requiring his applicants to provide screening reports.

Do you think 10k is too slim for 2000sqft?

Search on seller / owner financing / handyman special, words like that.Doing it for over 15 years, a few pointers:- Seller financed deals are slim when the market is hot, like now.- Most deals need work put into them,  The property might not qualify for conventional financing, which is why it's being offered as seller financing. 

Margins are too slim to cover incidentals.

@Stephen Glover I first plan on investing in my area , Tappahannock but is a small town and pontential investment properties are slim.

Hope this was able to give you some clarity.... i felt compelled to respond because there is not many young people (younger than 25) on here.  

The chances of you actually losing every dollar are slim, but things can go wrong, namely messing up numbers and underestimating rehab.

You are a new homeowner I hope that helps and gives some clarity. 

—Michiganradio.orgThis spring is shaping up to be another sellers' market in metro Detroit housing as would-be buyers continue to scramble over the slim number of for-sale houses.