Here are some basics on the property.SFR RentalLong term (3yr) tenant pays $1350/mo + all utilities (tenant is local school superintendent)Owner possibly refinanced at $100k in 2003.26 acres2 /11 1/4 story capeWaterfrontDetached 1 1/2 story garageTown Assessed Value: $122,300Actual resale value: potentially around $150k Deeded access I have put in 10% management, 8% vacancy, and about 6% others (capex, maint, etc.)So here is what I would like to send his way for a seller financed offer with no money down: Seller financed at 5% (30 yr amortization) with a 5 year balloon payoff payment Balance payoff payment at 5 years (~$91,829) Early payoff <24 mos = 10 points ($10000)Early payoff >=24 mos <36 mos = 8 points ($8000)Early payoff >=36 mos <48 mos = 4 points ($4000)Early payoff >=48 mos <60 mos = 2 points ($2000)Option for buyer to extend payoff date up to 15 years (within 6 months of payoff date, at a cost of 2 points.)Buyer to pay all title, recording, transfer fees etc.Total Interest Paid (If paid in full at five year mark):$24,038Total Sales Price with interest (If paid in full at five year mark) : $124,038Keeping in mind that we make money on the purchase, I would like to offer a fairly low purchase price that would help me get my foot in the door, and continue to give him monthly cashflow and delayed capital gains.  

All of my customers are construction related since my background has been in the construction industry.I joined the Air Force as an apprentice carpenter and became a superintendent within 5 years.

Now, traffic to these high municipal, commercial, academic, medical prone areas from outer areas is getting to be a big factor, and adds stimulus to demand, added with current logistical costs and transportation.To add more appreciation to the area, large buildings are being turned into high-rise condo buildings and lofts, going for some hefty prices.....So IN THEORY, it looks like a win....I got some good intellectual backing from friends whom are superintends for the largest builders in the state, #1 & #2, not to mention the designer is one of my homeboys too...Now, this has got my stomach feeling some multiple Metamorphoses wrapped up and ready to burst (if you know what I mean).......It’s looking good so far.....Now,Here are your turn boys and girls to add some (+/-)critical replies, anything will help...I have got to be damn sure.......

If you see potential issues regarding maintenance AND you have a landlord or superintendent that's not very responsive then you may a problem.

I am a Commercial Construction Superintendent in the DMV area and a reluctant landlord.

I have made sure that my bldg superintendents are certified as well.

If you (tenant) have any issues, please call my superintendent at this number, he will escalate the issue to me if needs further attention, thank you. 2.

Anyway I'm from NYC and over here we use a superintendent to take care of garbage, cleaning and snow removal.

I have a friend who built a Brand new home about three months because he is in the business for a long time, his Superintend itknow the city Schedule& Worked with subcontractors Efficiently. 

(L) "Superintendent" or "superintendent of real estate" means the superintendent of the division of real estate and professional licensing of this state.