I bought a policy with Paradigm- Gary Pinkerton is the agent.

I agree with Gary that this is likely 15-20 years.

Here is what I have for the LOI so far:RE: Non-Binding Letter of Intent to Purchase 3 units at...Upon agreement by both parties, a Purchase Contract will be prepared by the Purchaser and can be negotiated and signed by the parties.Purchaser: Nia **** and Alex ****Seller: Gary *****Purchase Price and Owner Financing Options: Option 1Purchase Price-475,000 Financing Terms- $1,500 per month for five (5) years, with balloon payments years one (1) thru five (5) of $20,000, $30,000, $50,000, $60,000, $225,000; respectively.

I could also recommend you read brandon turners book, Rich Dad Poor Dad (like abible) gary kellers books, and Benjamin Graham/warren buffet material then apply Value Investing to Real Estate, that's where the real money is made and retained long term not over short bandaid tips you get from aguy with shiney teeth in a seminar.The deals I do,$15-30k is a drop in the bucket when it comes to negotiating.

I would suggest reading up on the fundamentals of the REI craft in a book like Gary Keller's "Million Dollar Real Estate Investor" (and there are many more good ones out there but that's just the one I've read), and even a precursor book like "Rich Dad, Poor Dad" to get a firmer foundation of general financial acumen, and then once you get a general idea, strike out and buy a property.