Do you know the terms - interest rate, years, does this amortize over the life of the loan, does it have a balloon payment?

All letters, a mixture of letters and post cards or what and how often?

I looked into possibly obtaining loan and they required 1% of loan amount for a pre-approval letter and no fund of the 1% fee.

I recently received a letter from People's Gas regarding a Landlord Reversion Agreement.

Get pre-approved and have them send you the letter so that when you submit offers you can submit the pre-approval as well.5.

In my case, we sleep a max of 4, and typically only 2, so it wouldn't balloon up the total too much.Curious if anyone else has tried this with smaller maximums?

Example - negotiated purchase of a 5 year balloon note of $280,000 remaining principal paying 11% interest for $250,000.

There are no secret negotiating tricks, low ball offers with love letters, or highly intelligent investors from afar that can win bids due to awesome use of language. 

We hadn’t considered the idea of a balloon when starting our investing journey and we’re happy to buy, hold, rent, and let it appreciate while we pay down the 30 year mortgage.

I am owner financing it at 12% and 2 points with a balloon payment due in 12 months to a builder.I made 25k on the house and did no work to it.The land I'll make about 10k on with no work other than mowing the grass once.