STRs, LTRs, flips, etc Hello River, it's great to meet you.My current strategy focuses on utilizing small multifamily long-term rental properties by implementing the BRRRR method.

Typically in northern states the cost for natural gas is way cheaper than electricity so over the life of the system your utility bills most likely will be cheaper with gas heat.Ductless split systems use electricity to power in heating mode.

The only types of loans that will utilize a projected future value are rehab 203k/homestyle/renovation/private/hard money bridge loans, those will order an as is today and future valuation ( ARV - after repair value) to determine your maximum loan amount with rehab included.

I mean the best way to utilize the profit. 

I've also heard of it but never heard of anyone who has actually utilized it.

Their customer service is only slightly better than Zoom.

Where the strategy can get is exciting (and what most investors shoot for) is when you can utilize that depreciation against your nonpassive income i.e.

You can use our custom CSS.

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.

Since they are public numbers theres absolutely no protection for us from fraud.When submitting my accord for proof of insurance that goes directly from carrier to customer, not through my hands, unfortunately people have committed fraud with that number too.