It's a simple and understandable number when speaking to anyone even those who aren't investors and you can call it "vanity", but others might feel it motivating in that seeing their successes simply like that and it might help encourage them to press forward even when things are difficult.

I don't know your market, so I would not be able to advise you, but just consider the sellers motives and make the terms beneficial for both parties. 

We've noticed a very strong increase in out of state investor interest in Oregon motivated by Oregon 1031X Exchange transactions and wanted to share some insight into alternative income producing asset classes that are common, attainable and available in Oregon. 

I have quite a few contractors I work with here in MD particularly Baltimore county but they travel feel free to shoot me a text 443-683-0928

They have motivation for closing.

But this space is changing rapidly and in jurisdictions like San Jose where housing is scare, expensive and government entities are motivated to do something about it, I predict we'll see appreciation and other key metrics play out in favor of properties with ADUs in the near future.

If they happen to be communicating through text (as is common), then make sure your son saves all of the text messages. 

But 1500 per month isn't that expensive if it helps you motivate, analyze, close and properly operate a self storage business it was just an investment in your growth towards your goals.

Seller Financing on Market Properties:- Yes, it can be used for on-market properties with motivated sellers.I am a Loan Officer licensed in multiple states, so if you would like to discuss further please feel free to reach out to me directly! 

Quick text exchange is perfectly fine.