Next, if you are comfortable with the numbers a long term rental would provide, keep that as a back up strategy and play with the numbers a mid-term rental in this area would bring.

Thanks, Gary Neely Gary, Just use you standard state contract and write out the terms of your seller financing in an addendum or on the OTP itself if there's lines for additional provisions.Be clear and concise.Example,Seller will carry a promissory note secured by a 1st position mortgage in the amount $97,583.00, at 6% interest, amortized over 30 years, witha a maturity date and balloon payment due 10 years after the closing date.Hope this helps and certainly get an attorney involved if you are not comfortable drafting the language.  

If you don’t feel comfortable doing it yourself pay an attorney or have someone you trust review it with you.

A good example would be a Holiday Inn, Ramada Inn, Comfort Inn, etc.  

My BIG dream is to build a portfolio big enough so that we can replace our current income and retire comfortably (dream big they say, right ;)?)

Selling can make sense at times, but definitely not in this rate & elevated value environment.

I think at times I caught myself willing to spend A LOT more than what I was truly comfortable with.

I did my own due diligence on the firm and based upon that was comfortable investing a small amount into a deal to try them out.

so they would create environment where BlackRock would acquire most distress apartment/office/hotel to grab dollar for 70 cents--and single family too- by the Fed raising the rates ........ hahahahanot totally not conspiracy theory hahahahai am pretty sure this is well planned and staged by "design"there's no way Fed make mistake of not raising rates following CPE, they work for their banker's boss lol

Ensure the plumbing and electrical connections are regularly checked for any leaks or faults.Lighting and Fixtures: Modern light fixtures and ceiling fans add aesthetic value and comfort.