Its gotten blown up by perception.

Singapore is more sophisticated financially than NZ but the latter is much more beautiful and has better climate if you prefer cooler places.

You are limited to raising a max of 5 mil per 12 month period.Using Reg D exemption rule 506 You can have an unlimited number of accredited investors and 35 sophisticated investors.

offer price = $34K monthly payment = $250 100% seller carry back (most sophisticated investors won't go for this) . . .

But perceptions are important.

So what if...If it was a cash buyer, then the buyer likely would have been too sophisticated to pay too much.

Walk first before you try to be sophisticated beyond your experience.

His only choices:1) Raise rents2) Lower expenses3) Pray for inflation or at least increased demand for rental housing.4) Sell at a loss5) Walk.His choice depends on his perception of how fast rents/house values will increase over the next 5 and 10 years.

A more sophisticated way it to create a reserve chart. 

That might require a higher level of sophistication in your pitch.Good luck!