I BRRRR several properties in the past but wasn't very organized. 

Feel free to inquire about their staff qualifications if it's a larger organization.2.

For longer-term holds or more complex deals, IRR and Cap Rate might take center stage.It’s all about what aligns with your objectives and helps you make the best decisions for your projects.

Knowing your “why” can help reduce anxiety by aligning your actions with your long-term objectives.

@James Mays  Seems your objective is to scale your business.

And, even if you could find an appraiser to do an evaluation, it's not clear how that would help you.As you state, the motel has been shut down for nearly three years, so there's no current financial data.But even if you had recent numbers, you're planning to operate it as a sober living facility, which I suspect is a very different business model.You need to find a comparable facility in or near your local market and develop your own customized financial analysis model based upon this particular property.Then, given your business objectives (cash flow and cash-on-cash return, I assume), you'll need to back into what purchase terms you'll need to achieve those objectives.Only then will you be able to determine whether these seller financing terms will work.As far as documentation to get started, a letter of intent (LOI) is commonly used but you might move straight to a purchase and sale agreement, particularly if no agent is involved.Whichever path you choose, just be certain to give yourself plenty of time to thoroughly perform your due-diligence.

To make sure the investment satisfies your financial objectives, establish your target profit margin.Decide how much money is needed overall for the transaction.

I'm an organizer for the real estate investors meetup group in this area. https://www.meetup.com/north-country-real-estate-investing-c...

I know that market very well but it would be easier to help you if you have more precise questions and also if we know what your objectives are.

The wonderful and unique thing about Michael is that he provides info that's unbiased and objective.