Seller Financing Options

[Kylan Philbert-Richardson]

Hypothetically,

Let's say a mentor of mine is selling an 11 unit, well kept, and deleaded for $2.2M asking. You, as a savvy investor know this is an option, but strapped for cash.

You take into consideration this fact without letting it deadhold you. How does one go about offering to seller finance the deal, and what contingency plans do I need if I wanted the deal to be mine. I.e) do I need short money in my pocket to make the deal mine, or any other upfront money to cover my a** until I can create cash reserves?

Would you evict everyone first or wait to stack more cash? Any apprehensions about jumping into such a deal as a newbie ?

Assuage my fears, or put me in my place! I'm open to all constructive criticism.

I thank you all - Kylan