A seller is looking at doing owner financing.I would be wrapping his note.Property insurance is not escrowed so that causes fewer issues.Sellers main concern is that we owner finance and in say 3 years I get tired and just give the property back to him.I am putting nothing down which he is fine with.Looking for thoughts and ways to make him feel comfortable with this issue.He owns other classes of assets besides apartments and is focused on them.I already own a bunch of other buildings in the area and told him I have staff on site so it wouldn't be an issue.This is for a quad building.Many investors buy with one thing in mind and then sell to you down the road for other reasons.Since I am a commercial broker I have multiple exit strategies already planned out for the property.

I like my job, it is rewarding but I am getting tired of 50 hour weeks, and vacations once every 10 years.

Start with the beginning of the year mileage on the vehicle, keep track of all business related driving trips to and from work.

Some of those areas we would not stop the vehicle or exit the vehicle in broad daylight when I was looking.No need to go there at night when it's that bad!

She got tired of being stonewalled...I'm running out of time.

There aren't many tire kickers at this time of year.

That statement alone often separates the tire kickers from the motivated sellers.LISTEN more than you SPEAK to all sellers.

I take a stroll out to their vehicle when they come to fill out a rental app.

As long as the rent is paid and they are quiet I don't care.Now when people get in hard times I find 3 people turn into 10 people living under one unit 2 beds,2 1/2 baths.The problem is the people that were qualified credit and criminal are on the lease and the others are not.So the unknown people have not been qualified to see if they will be a problem or not.More people wear down the units faster,cause noise with extra vehicles,and parking issues.Our water is not sub-metered and is paid by us the landlord.Extra people taking a shower,flushing the toilet,washing clothes,cooking etc. runs up the water bill.Water company says people use about 60 gallons a day on average according to statistics.I know there is fire code limits but I was thinking of having in lease max of 4 people and anything over that is 50 dollars per month per person.This would cover extra water bill and help with extra turning costs with the heavier traffic usage.

Real Estate is the vehicle that is slowly giving me my freedom back to my wife and kids.