I would have them post a performance and payment bond for the build (so you have recourse if it goes belly-up) and have them name as you additional insured on their insurance policy.Don’t forget to check the utility infrastructure to the site.

Bank likes it because at that amount of owner financing they feel the seller won’t walk away if I go belly up.  

The reserve and new opportunity fund are bloated, fat, stupidly overfunded & earning little.

If your father owns a mortgage company, then he has seen many, many investors go belly up after the mortgage crash.

Combination of tree roots and old cooking fat kept closing up the pipe. 

Your thanks for letting someone in this position live free for two days or two weeks will be a big fat lawsuit from the next tenant that wants the exact same treatment and you say no.  

There is NO benefit for you to take that money up front, but they know that flashing a fat stack of cash will throw some people into excitement.

they're out like the fat kid in 5th grade dodge ball!

Podcasts I have on cycle:BiggerPockets (Real Estate)Best Real Estate Investment Advice Ever w/Joe Fairless (Real Estate)BiggerPockets Money (Personal Finance)ChooseFI (Personal Finance)Mad Fientist (Personal Finance)The Side Hustle Show (Entrepreneurship)Fat-Burning Man (Health) Impact Theory by Tom Bilyeu (Personal Development)

I had funds with First Pension in LA, a small private boutique provider with great customer service, when they went belly up and stole $60M of investor funds.