What I have so far is this:Asking Price $120,000Rents = $575/$650/$500 ($1725/month), if tenants pay their own water/trash/electric/gas, otherwise I would probably increase all three by $75 and make the apartments 'all inclusive'.Taxes & Insurance = $2600/yr (tax) + $1000/yr (insur)The building couldn't get sold after being on the market for a while and was taken off the market and I've since contacted the owner.

Monthly payment inclusive of taxes and insurance would be $1450.

It is all about due diligence and finding an all inclusive team to take care of everything for you.

We use Buildium, which is an all inclusive property management software, they even have an app tenants can pay rent through.

This isn't inclusive but should give you a good start.

This sums up a high level approach to my analyzing, although it is not all inclusive of everything that needs to be done/looked at before making the decision.

What you are describing above sound very much like a "wrap" or what in my state is referred to more officially as an "all inclusive deed of trust". 

This isn't inclusive but should give you a good start.

If you're just looking to park cash for a couple years, rather than immediately reinvest it in real estate, and have low risk tolerance, maxing out gov't I bonds (the I is for inflation) may be a no brainer right now.Generic article below, but TLDR is you can buy up to $10k per SSN per year, inclusive of custodial accounts for any kids you have.

For MLS transactions, it'll be expected that you use the specific state's boilerplate realtor contracts.For true(1) off market, or seller-direct, type transactions, you can use what you want, inclusive of a bar napkin that contains the elements necessary for a legal contract (which may have some slight state variance if you're doing something super esoteric, but otherwise probably not).(1) Note that if it's being marketed to you, by definition it is not "off" market.