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.

I'm happy to be an LP if I can have visibility access to the process with a mentor to actually LEARN what is happening, but being an LP is NOT my goal.

born/raised/ and ivested in houston my entire life. ive been selling all my single family one by one in the lasat 2 years. nothing makes sense to buy. taxes and insurance hit us hard like many others. i'm not an LP or private lender kind of guy so ive been just stacking money into a money market fund and waiting.what is everyone else doing to find cash flow?

Hey I have a lot of contacts with contractors if you are interested in possibly finding someone who fits more in line with your business model .

My Fiance and I are very familiar with the arbitrage model, however the main benefit of the course would be to scale faster than we could alone. 

We also have model units that are available to show via a property tour. 

Investment Info:Single-family residence other investment in Los AngelesGilmore Homes - Gilmore Loans, LLC is launching its affordable housing model soon, the MG 599 Modern Model.

I told them that I have not heard of one coaching program that actually uses a mentoring/apprenticeship model. 

There is a reason; it is the only way that it can achieve the returns that Lp investors seek.  

Regarding running model / proforma - simplest to create something in excel that you can adjust the numbers on.