Opinions on this purchase.

[Bradley Miller]

Off market buying from a family member.

400k. Pretty much market value.

Will rent for 2600/month.

Has a shop on property that will rent for 2000/month.

Going to run me 2500/month all in with all expenses @ 15 years payoff.

My requirements: I have to let my family member use that shop for the next four years until he retires. And I need to pony up a 20% down payment.

Any input or ideas. Very flexible and willing to negotiate but we want it to be hrelatively fair for both of us.