Low end - mid range - and upper end.

The price today would probably be similar, in the range of 900-910k, based on the few comps I can see in the area.

Several of our out of state investor clients are securing very healthy terms on CRE including apartment complexes and industrial warehouse spaces with as little as 25% down and rates currently ranging from 5.5-%-6.75% on 25 year amortizations. 

You won’t be able to borrow against a home in that price range.

When asking for an appraised value, if they hesitate, try encouraging them with, "What range do you think it would appraise for based on nearby homes?"

There needs to be a plan to pay the line under a range of interest rates, and to pay it off.  

One other thought too- if you feel like you are having too many deals, maybe then your buy box may be too wide, and and you can narrow in on what area / location / return you truly want. 

The offers I received for a cash offer (the property could not be financed) were in the $200,000 range.

The other issue I find when people draft their own is that if you have a problem and then need an attorney to work with you, it will be much more costly as they now have to learn your contract, vs the one they are familiar with and that is used widely in your area. 

You can easily find a turn-key property in the $250k range with cap rates around 6.