Am I overthinking this deal?

[Kris Kempe]

Hey everyone, 

I need some help on if this deal makes sense or should I reconsider.

So I’ve been talking with a seller of a 7 unit multi family property about selling property subto, he agreed although for his trouble he wants $75,000 judt for letting us take over the loan. Upon that after a year he wants us to refinance and then take out his investment into the property and remove his already existing equity. I brought in an equity partner to cover the downpayment however, I’m still unsure if this deal is worth the cash flow or should I try and renegotiate terms with him. 

Thanks