Damn, I’ll have to lay down my bow and arrows and break the bad news to Little John and Will Scarlett!

I got lucky in the past couple of deals where I bought properties well bow market value.Anyway, congrats to you for your smarts and hard work.

I have time for compound interest to work on my side. 

When you add compounding you can really move the needle on your total wealth. 

I just sold one in KC were the builder developer came in and wanted to make a very opened ended deal... he said he was paying cash when I wanted POF he said no he is using a line of credit.. when I then said I want a letter from your bank proving you have the funds available on your line of credit.. then it came back that it would have to go through the entire loan process... so his first shot across the bow was he was a cash buyer and by the time I was done with him he needed to get a loan..

If anything happens to your properties, (Eathquake, water damage, 2nd recession, sleeper cell compound, etc.) you are always better off holding some cash.  

The back end of the house slopes bad as well as the upper floor and there is a bowing support beam on the roof bowing down.

@Pedro OlivaIt's depends on how it's structured, generally it is a note with some interest tied to a 30 year amortization schedule, with some kind of a balloon to be paid off or refinanced in 5 to 10 yearsI've seen simple interest, compound interest, interest only payments, interest paid every six months, etc.Look up imputed interest on www.irs.gov website, which means lowest possible interest that the IRS will allow

I appreciate your generosity, but I am going to have to bow out.

If there isn't, and this can be fixed by using a filling compound or leveling it with plywood, would you proceed with the deal?