Hello BPCultivating a positive mental attitude is essential, imo, to live a life which you are fulfilled mentally, physically, spiritually and financially.

Many sellers do not know land contract law in OHIf the seller gets less than 20% down and less than 5 years occupancy fulfilled, and the vendee defaults, than there is no foreclosure, but more of a landlord tenant court hearing.From the OH Bar associationQ: What happens if I don’t keep up my payments to the seller?

I think you're smart to document everything, fulfill your side of the arrangement, and get her out of there as soon as you can. 

I work as an appellate public defender, which is fulfilling work but not so financially rewarding. :-) My goal is to buy my first property in either of these two markets.

Here are the costs to address the issues uncovered by these experts: 1.Wood floor and wall in the middle unit: $44,000 + tax + $2,800 for permit, but engineer report is needed for a formal quote.2.Roof above the middle unit: $8,000 + tax + $800 for permit + ply wood;3.Sewer line outside the building (see estimate): $7,365 total;4.Sewer line inside the building (see estimate): $21,663 total;The total cost plus 10% contingency is equal to $100,000 in repairs that I cannot afford to pay and still be able to fulfill my obligations to you and to the tenants that will have to be displaced for the duration of repairs.In addition, the appraisal came in at $275,000 that is considerably below the $340,000 number.Proposed solution: You will complete all the electrical repairs and ensure all three units are brought up to current code including the outlets.You will have the stucco repaired on the exterior that was damaged by the electrical proof.

It doesn't fulfill 1/2 what she was aiming for and relocated the laundry and mudroom further from convenience.

My backgrounds are in economics, accounting (CPA candidate), product design, & engineering — I know, quite a lot but I’m a lifelong learner.

I talked to a lender a few years ago to get an idea of what I can afford, and need to reach out to one again to get a more definitive number based on my current financials.Right now I see myself doing BRRR, so I think equity/price of the home are going to be important factors for me in order to fulfill that last "R". 

I am immensely thankful to BP and this community for helping me get over my lifelong fear of real estate investing.CheersJD

I'm working hard on fulfilling that contact with the funds.