I assume you got a better interest rate, and I know you are saving a boatload of interest. 3) imagine year 11-30 where you are cash flowing thousands with paid off properties instead of hundreds because of these lean 10 years. 4) hopefully you can raise rents at least $100 each every year and in 2 years your cash flow neutral even with preferred short term mortgage. 

Hi Steve, where did you get your property tax estimate from?

I am in a large syndication group too where GPs are not even allowed.

I've done a few deals where the bank offered purchase + rehab funding up to 75% ARV, and then it converts automatically to a normal mortgage loan at the end of the rehab. 

Where do you plan to find your deals?

Instead of discussing the possibility of owner finance with sellers - what if I offered the opportunity to  JV where they are the equity partner?   

Written by attorney investors, it's full of practical advice about the management of investment property, has sample forms that can be edited, and - most importantly - tells you what your primary state laws are and where you can read them.

What you are describing is a "dual agent" role, where the agent represents both buyer and seller.

When you look them up make sure the owner isn't a LLC and that there primary address is not the same as the property you where looking at.

Hey Alex,I get where you’re coming from - these situations can be a minefield, especially when the tenant has been using the space for years.