I don’t want to see you end up as a mom and pop owner with a facility that is under performing and causes a lot of headache for you.  

Generally, if you've got history of the lease performing (6+ months of pmt verification) and the lease amount is in line with the 1007, you won't have a problem finding an investor who will take this. 

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

It should take rare events such as Great Recession or Covid to under perform an underwriting.  

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.

CocRoi, Cashflow, and dscr would all be helpful as well as expenses Hey Samson, I have several S8 properties in Detroit and I'm extremely open with my numbers and performance of those over the years.Happy to share if you're interested (or anyone else). 

I think it’s way too easy to over estimate investment performance based on how well the pro’s do.

You will still have issues come up BUT the performance of the other properties overcomes those issues without them stressing you if you are managing them well. 6.

The market here is very investor-friendly with affordable property prices and a robust rental market.Expanding to new areas can be challenging, but here are a few tips that have worked for me and my clients:Research Extensively: Before diving in, thoroughly research potential markets.

The pro of a feeder fund is if you trust your FF GP and they are well connected, they can be performing due diligence on multiple operators.