I propose we meet at a different member's project each month; when that isn't practical, a restaurant.

If that means taking smaller distributions of cash over a period of years rather than a lump sum, great.What you have proposed is complex, expensive, and does have some risk associated with it.  

Some of this will totally depend on the age of your unit, so keep that in mind too. 100 year old houses can propose more issues than more recent construction.

At any rate if they sell their notes I'd propose a note purchase.

I'm interested to get people's feedback and thoughts on the proposed changes.  

How can you accurately put together a proposal (in particular the cost of money section) without knowing the points and interest ahead of time?

I have read up on strategies on dealing with the possible angry seller ("you made HOW MUCH??) and I don't like either of the two I have seen; double closing (with the high costs) or HUD-1s that don't reveal the purcha...

What I have proposed to sellers in the past that have 1 property owned free and clear in a portfolio is to finance that one, using the proceeds as DPs on all of them.  

Itemize all repairs needed ( get real proposals) include $15/hour for your time for whatever you do yourself, then subtract from SD, supply past tnenant with documentation of those costs and return balance if any. 

The land immediately north of the current stadium (and proposed stadium site across the street) is basically a war zone with little value.