I haven't spent much time in the Rock Co area but it looks like you guys are doing awesome projects there! 

I spent 5 years on the ground in the Detroit area building relationships, learning the market, etc.So you really have two paths.

Quote from @Lin Yin: Biggest risk of seller finance is if the buyer finds bad tenants who don't pay rent and destroy the property, now the buyer can't afford the payments and gives back a distressed building, now the seller has to spend money to fix it up, which could cost more than the down payment he got from the buyer. 

Drawing from international experiences, including time spent in Sweden, I value the principles of balance and neutrality, understanding the importance of harmonious coexistence within a community.

The reason I am ok with that is because I just spent $140K and updated everything - electrical, plumbing, roof, HVAC, windows, etc. so costs should be minimal for a while.

You’re still talking about 3% purchase price which in a residential sale I seriously spent will send a buyer down the road to the house they don’t like as much… seasoned buyers are going to pay the same price they would have.

I want to make sure that my time is spent reading the right material though.

However, having an attorney draft the operating agreement is money well spent.

I will always ask upfront, "Do you mind if I stick around during your walk-through" and then before I hand them the folder, I will always say, "I certainly don't want to do your job for you, but I have some documents here that will give you more information about the rehab I did, the money I spent, and some of the comps I know about in the neighborhood...would you like them?"

I can also save some more money if needed, reason I do not have as much saved is because I am in the middle of a BS lawsuit and I have spent six figure on lawyers but case should be over soon and I am hoping I win as the other party basically have given up.