I actually aim for not having any one real estate investment make up more than 1% of my net worth.

Everyone thinks they can paint but there's a big difference between a professional paint job and a non-professional one (the latter usually actually damages the property instead of improving it). 

The reality is that you will not find that in the seller finance space, and even if you do, there will be virtually no discount. 

We certainly did not net 1 million this year but we did okay and actually had our best year.

The agreement specifically allowed KeyGlee to use the End Buyer's EMD to secure the underlying contract with the actual seller... and to forfeit that EMD if the End Buyer failed to close.

Any luck on motivating realtors in the area to actually get operating expenses/lease agreements for Jackson County specifically George?

The equity is actually what you are paying for the property.In this case let's look at the numbers that count,...the current numbers.You have about $500k or more in equity, which is buying you a property that's worth about $700k (I went with the lower PV. 

@Brittney YangFor the actual legal document, get an attorney.

Set a goal of 60 days to educate yourself and dedicate 30-60 minutes per day actually doing it.

Without actually building the 3rd unit, would this new triplex eligibility increase my property's value?