@Albert Bui  I have done quite a few sub too's and I have had a few called. even though they were current... we of course just cut checks to pay them off.Where sub too becomes a disaster is when the person buying it then sells on contract to a sub prime buyer who then goes on to default.. and the person who did the sub too sandwhich does not have the means to make payments during the foreclosure process and or has the money to prosecute the foreclosure..

My best advice is to work with a realtor who also invests, can give it straight which one is a bad deal/good deal, and can plug you in with their systems and network of lenders, GCs, and PMs.

I can’t speak on behalf of a short term rental, but for a straight rental, you’re probably better off filling it in IMO.I had a house with a pool in an c+ area and after considering it will probably just invite parties, etc. plus the liability I had it filled in.

A rate cut seems likely for September.

When their “customer” goes out of their way to lie to them they may just want to cut ties.

Rates are now higher which will kill their cashflow and encourage them to cut their losses and sell.

And, even if you could find an appraiser to do an evaluation, it's not clear how that would help you.As you state, the motel has been shut down for nearly three years, so there's no current financial data.But even if you had recent numbers, you're planning to operate it as a sober living facility, which I suspect is a very different business model.You need to find a comparable facility in or near your local market and develop your own customized financial analysis model based upon this particular property.Then, given your business objectives (cash flow and cash-on-cash return, I assume), you'll need to back into what purchase terms you'll need to achieve those objectives.Only then will you be able to determine whether these seller financing terms will work.As far as documentation to get started, a letter of intent (LOI) is commonly used but you might move straight to a purchase and sale agreement, particularly if no agent is involved.Whichever path you choose, just be certain to give yourself plenty of time to thoroughly perform your due-diligence.

If you tried to cut the line in front of me or park on handicapped, I will also confront you.

Even though inflation is at a healthier level for Powell, he has a tendency of overpromising rate cuts and underperforming on their delivery.

How do I know a lender won’t just take what I have and cut me out and do it themselves?