consider taking some time off work, and moving yourself in so you can make their lives as uncomfortable as possible. only other options are a formal eviction process, or cash for keys with an increasing rate until they say yes. they have established residency, and the utilities in there name are a good paper trail of that so don't even consider turning off utilities. in many jurisdictions that will get you (probably your mom too) thrown in jail. unfortunately, the proper answer here is see an attorney.

Just to have paper trail...

- cap rate on reported trailing 12 month NOI- cap rate on annualized trailing 90 day income minus trailing 12 month expenses (adjusted for property tax reassessment)- cap rate on brokers pro-forma stabilized NOI- cap rate on MY pro-forma stabilized NOI- cap rate on after-rehab stabilized NOI using cost basis including rehabUgh...Too much emphasis is placed on cap rate.

These are stellar performers on AirBnB-type platforms, simply because they're a novelty.Further, I think there's huge value add if you can provide amenities (fire pits, running/hiking trails, volleyball courts, etc).

Ask for anything and everything you need and put it in the contract - rent roll, trailing 12, 3 year look back, tax returns if applicable, leases, last rent increases, etc etc.

SO, If it's in a good area, and the seller is offering owner financing, and you can buy it close to a 9% cap rate based on trailing 12 months actuals at 75% NOI, then it may be a good deal.  

Rent Roll, trailing 12 P&L, insurance quotes, physical inspection, etc. 

If so, throw away your numbers and start over with a trailing-12 and current rent roll. :)- A fellow James

I've run Reach The Beach in NH on a team of 6 ;-)  and run the Cabot Trail Relay in Cape Breton each year.  

If I saw similar properties, in close proximity, that have sold in the last few months, especially if they were not on the market for very long and sold for cash, I would be all over the deal.The flip side is, if nothing has sold in that area for the last 3 years, I don't think I'd like to be the guy blazing the new trail, so to speak.