@Joshua Roat Great mentality, just need to keep up that action side of things.Good luck

If the lease allows a new owner to terminate the lease with 90 days notice, it has to be determined what is the easier/cheaper option.  

You CPA will have to determine the taxable implications from the “note” verses a “cash” pay off until the note is paid off. 

In both cases, syndication would be needed with a securities attorney.Here is the list of promissory notes recognized by the Supreme Court as NOT being securities is a compilation of nearly random examples:Notes delivered in consumer financing.Notes secured by a mortgage on a home.Short-term notes secured by a lien on a small business or some of its assets.Notes evidencing a “character” loan to a bank customer.Short-term notes secured by an assignment of accounts receivable.Notes that formalize an open-account indebtedness incurred in the ordinary course of business.Notes given in connection with loans by a commercial bank to a business for current operations.And the determining factors for how a court will judge it to be a security or not are :Whether the borrower’s motivation is to raise money for general business use, and whether the lender’s motivation is to make a profit, including interest.Whether the borrower’s plan of distribution of the note(s) resembles the plan of distribution of a security.Whether the investing public reasonably expects that the note is a security.Whether there is a regulatory scheme that protects the investor other than the securities laws (e.g., notes subject to certain banking regulations).Again, consult an attorney.

You need to see what other similar properties are selling for and that will pretty much determine your numbers.

How did you determine your rent income/occupancy rate?

How did you determine your rent income/occupancy rate?

A few key highlights are:-A key indicator to determine the best cities to invest in and where to expect the most growth is the recovery of the business services jobs, (services related to operating a business like accountants, lawyers, cleaning jobs, IT)- The faster jobs in business services pick up, the more likely a market will be a good long-term bet for real estate investors-San Antonio made the list for one of the top cities for business services job growth!

It really depends on the area of town and type of property that determines which property manager I would recommend. 

@Bryan Milian1- One month of market research on major metro areas2- Two weeks of talking to leading agents in your top 3 markets3- Four weeks of learning the markets4- Offer, offer, offer- stick to fundamentals...long-term buy-and hold small MF (your available cash will be the number one factor in determining what you can afford and what locations you will end up buying in...you'll be comparing apples to apples in your top 3 markets...as long as you have a top agent, you'll be golden)Best of luck