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.

So there are a lot of questions that go into an answer to your question, @Taylor Cook

Owner could be alive, living nearby or in a facility (?)

Hi All - I have worked in banking for much of my career but would like to possibly transition to a role in property management or facility operations. 

We dealt with rentals, flips, commercial, small apartment complex developments (~10 apartments), sport facilities, and a few government contracts.We are actually very open to different opportunities and investment approaches, but our plan was to start "smaller" with some cash deals in NJ (maybe somewhere in the area between Staten Island and Philadelphia, but staying in NJ), by flipping a few smaller properties and starting to generate some income.

A warehouse building that was turned into a dog training facility and show place.  

We need to revive Home Economics courses in our high schools that teach *economics* instead of cooking and sewing.

Hey BP community,I’m investing in a self-storage facility for the first time and have narrowed down my options to a few properties, mainly in Texas, New York or Arkansas.1.

To get a feel, I would identify some Urban facilities that have gone vacant and question what services and would those companies support local suburban offices.I think your premise is correct, but like anything what is the demand and the Return potential. 

Hey Everyone,I am under contract for a small self storage facility (36 Units).