Would you overpay on purchase price if cashflow is there?

[Tyler Weinrich]

Looking at a park and owner is asking $130k over what it will probably appraise for but is willing to finance the whole purchase. This got me thinking, if you could get the owner to finance 100% (or even 95%) of the purchase price at a rate and terms that would safely cash flow after all expenses (maintenance, vacancy, utilities, management, etc.).....would you overpay for a park? Assuming already on city water/sewer, individually metered utilities. At some point you'll pay it down enough to see equity. Until then, the cash flow should support the asset.