Creative Help

[Ramon Pena Alvarado]

I want to ask the creative – out of the box – Thinkers to help me with a project I’m considering.
Here are the actual numbers and I want to construct this project In a way the seller will approve my offer and be happy. I know that not knowing their motivation doesn’t help but let’ just work with the numbers. I know its over priced and the utilities are Uhhhhhh..but I can always change that after I have control.
There will be no banks involved it will either be 100 % Owner Financed or Master leased to my company. I want to enter with very little or no money down. ( Paying extra each month till deposit on ML is paid )
I’m trying to get out of my creative block. I cant seem to think of a real creative way to structure this project so.. that all involved will be happy. It’s a small project but I’m curious.

Actual
Scheduled Gross Income $209,828 Unit Mix – Studios = 5 @ $ 375.00
Effective Gross Income $181,910 1 Bedrms = 32 @ $ 417.00
Net Operating Income $77,160 2 Bedrms = 4 @ $ 575.00
Real estate taxes - $5927.00
Insurance - $8437.00
Utilities - $62139.00
Maintenance - $18564.00
Management - $7800.00
Other - $ 1882.00

Total Exp – $ 104749.00

How would you structure this???

Thanks
Ray
:cool: