I would imagine just to make something like this pencil, the cap must be pretty high, right? 

@Aaron Mazzrillo, Hotel income, as you may imagine, is highly cyclical.

Oh yeah forgot one, evictions 6 months to a year and imagine 2 ongoing at the same time.

Fast forward to the LAST day of escrow, I wake up to two calls.  

As you can imagine, any court in a state where an LLC is registered is going to apply that states laws.

Buyers offering overinflated purchase prices to lure sellersA  big way that Buyers convince sellers of getting into these kinds of agreements is offering them prices that they can't even imagine.

The Rewey’s have an extensive library of presentations on every topic imaginable which I found very helpful.

I'm looking to buy a multifamily this year but I am trying to decide what financing to go for.One of the most important criteria for me is that I can purchase something with 15% down or less.If I target seller-financed properties, I imagine that I'd be dealing with a seller with plenty of equity and maybe is a bit tired of being a landlord.The problem is that these sellers are NOT DISTRESSED. 

You calling them typically does not wake them up and they can't really take a direct offer with you.As others have mentioned we often use the word "foreclosure" very liberally to describe all types of assets. 

I was still working full time as a teacher and closing deals I was working 70 hours a week and making myself available during the teacher breaks to my clients, waking up early to write offers or reducing my lunch time to 5 min to make it all work.