Cost is $40k.I can't help but think there is liability on the company for selling a property and not disclosing this.

The larger ones cost a fraction more, but will be cheaper in the end as you don't need as many.

The city has seen a rise in rental demand, especially for multi-family units, as more people are drawn to the area for its relatively lower cost of living compared to larger metropolitan areas on the West Coast.Investors looking to enter the Spokane market for small multi-family properties should keep an eye on key factors such as property location, rental trends, and local development projects.

Home loan borrowing costs eased again for the third straight week as the average rate on a 30 year home loan declined to its lowest level since April. 

The Midwest markets have been attracting investors due to the low cost to entry and a lot of the markets being landlord friendly as well.

Do you think the cost of the build will work out as you expect?

Thanks, Gary Neely Gary, Just use you standard state contract and write out the terms of your seller financing in an addendum or on the OTP itself if there's lines for additional provisions.Be clear and concise.Example,Seller will carry a promissory note secured by a 1st position mortgage in the amount $97,583.00, at 6% interest, amortized over 30 years, witha a maturity date and balloon payment due 10 years after the closing date.Hope this helps and certainly get an attorney involved if you are not comfortable drafting the language.  

Have you considered the added cost for this restriction?

The purchase price stands at $229,000 with an estimated rehabilitation cost of $50,000.

The market in the area seems pretty competitive with some nice apartments costing around 2,000 for rent so I am considering renting it out for cheaper maybe 1.8/1.9 so it doesn’t sit too long on the market.