Sorry to say but you are not equipped to deal with tenants, especially this type.

An identical home sold in the last 3 months in the area for $244,000.

If the business is not making any money then the value is generally on the equipment etc. for liquidation and that is usually 10 to 25 cents on the dollar.1,500,000 purchase price for a business breaking even is a pipe dream.Generally sellers sell on 3 times profit earnings so the business would need to be throwing off 500k profit a year after expenses.

(Cash, Securities, Artworks, Furs, Sports Equipment, Vehicles, etc.)

It is possible that I’m just overlooking the obvious.So this deal is for 2 4-plex apartment buildings that aren’t connected, however they are identical and share a small parking lot.

@Cody Evans  As an agent you will need to begin building your identity as a trusted advisor in home sales and purchases. 

There are some minor solar equipment differences, specifically with the inverter, if you intend to add batteries now or laterIf a solar system is properly engineered, snow is a non-issue.

Sometimes they make costly mistakes and even though mistakes will happen, it's best to go into your venture as well-equipped with knowledge as possible.   

Aloha @Zasha SmithYour folks situation sounds identical to ours.  

@Dustin Verley  In addition to real estate notes I've also worked with these cash flows:Business Notes - no real estate as collateral just FFE  (furniture, fixtures & equipment) and goodwill.Mobile Home Only Notes - mobile home on rented lot so no real estateInvoices - buying accounts receivable at a discount.Cell Tower LeasesLand LeasesCasino or Jackpot payoutsLottery paymentsStructured SettlementsAnnuitiesI haven't personally worked with Auto notes but know several investors doing well in that arena as well.The basic concept with all of these options is similar (purchase a future cash flow at a discount using time value of money calculations or IRR) but the documentation and due diligence will differ.