Quote from @Jim Peret: Dan,Why are you acting like mismanaged ODC is the gold standard?   

Simply put, we start off with the As Repaired/Completed Value (ARV), then subtract from that number a reasonable profit, the rehab cost (scope of work), which we've gotten good at, a contingency reserve for any "unexpecteds", our cost of capital/carrying costs (interest and costs of the leverage used), and our costs/fees on the buy and sell sides of a flip.

In our market it is important to make sure they are a licensed broker, carry adequate GL and worker's comp (and name you as additional insured).  

No syndication experience but there are about a dozen quality RV/Mobile home parks on market in Oregon, several with owner carry options that can be passiv-ish with management in place.

Last year we helped eight buyers acquire exceptional coastal STR's in; Brookings, Gold Beach, Bandon, Manzanita, Arch Cape and Yachats, with two in 2025 under contract in Seaside and Rockaway Beach.

Secondary financing is generally permitted, and the realities of the marketplace usually require the seller to carry financing for most buyers.

What kind of insurance do you carry? 

So this is a Quadplex, very cool.Ask him if he would carry back a second for part of the loan.

I usually require my tenants to carry renter’s insurance with at least $100,000 in liability coverage.

You should ask to speak to the commercial lender at the bank that carries your property's current mortgage.