And just in case, sometimes "owner financing" means "Private Financing".    

@Justin LeeIf it was for services, you need W9s from everyone.

@Brian Burke@Justin Moy@Calvin Gravesthank you all so much for the great pointers!

We budgeted $100k and that’s our goal but have extra just in case something pops up so this $120k is a high number.

That means ar 7% interest they should be paying $1166 JUST IN INTEREST.

Especially if it was just in the fine print.

@Justin Boyd just saw the location on this, I'm somewhat familiar with that market, we do quite a few retail deals in CLE and the surrounding areas, I'd be happy to give you an opinion on the site if its helpful.  

I lived in the Central Valley for a while a couple years ago and as a native New Englander was shocked when I moved there that not every part of CA is far left liberal; just in the major cities.

You want Someone who is just in it to get a return and have a great partnership.

In today's world you have to use risk to get a head and risk is another word for equity and credit.It takes Money to make Money - and credit and equity are money just in different forms if used correctly.