Additionally, if you are attempting to use a 3 year balloon to circumvent a borrower's potential right to redeem the instrument - that may not work.  

Liberal, lots of music/art sizzle, restaurants, "happening" place, public transit, young people and jobs, RE been on fire for a long time..

Unless they are all on month to month, in which case if the seller were to raise rents, and the tenants decide to move out instead, he would be facing $0 rent instead of market rent.What is your instrument to make the seller raise rent on their way out? 

or in other words, increasingly individuals/business want to spend more money while they have less available to them. even via credit or 'creative' funding. at least as of Jan 2014 lenders are bound by the 'New Qualified (QM) Rule' at a nationwide level by the Consumer Financial Protection Bureau, which mandates that even 'PRIVATE' loans require the borrower’s total documented debt to income (DTI) including the loan payment isn’t over 43%.so seems more and more than ever resort to creating the facade that they do in order to be taken seriously and appear to be busy actively 'investing' yet more and more properties are in/out/in/out of contract like musical chairs these days until they 'finally' close after much wasted time.http://cashformyclosing.com/proof-of-funds/the plethora of sites out there offering 'proof of funds' letters - some like the above offering proof of 'unlimited' funds for a low monthly 'subscription' really take the cake in what 'proof of funds' is apparently being belittled to. investing in the business arena used to mean expending money for future profit; i'm not sure of the scope of what it means nowadays anymore though.

The tax reporting alone will kill ya.I don't play with blanket debt instruments to finance anything, no matter how big I get.  

I think this a great market and near perfect time of year to get some skin in the game in Music City! 

Or you could amortize the payments, which means that each time you pay the Seller some of your payment goes towards principal reduction so that by the 20th year the loan has been repaid in full.The fact that the Seller doesn't want to pay expenses, wants a monthly income, and the place needs rehab (so you can force appreciate the building) should be music to your ears.

For all the lovely agents out there... you're going to get a kick out of this!!!http://www.romerohomes.com/blog/realtor-andrea-romero-caught-video/REALTOR, Andrea Romero, is showing off her vocals while making fun of ...

ACCEPTANCE: This instrument will become a binding contract when accepted by the Seller and signed by both Buyer and Seller.

After reading several books, and one (The Millionaire Real Estate Investor by Gary Keller) that has been instrumental in my thoughts,  I subscribe to what I now consider my #1 rule: you make your money when you buy.