Ron, that's quite a sales pitch on SF, on the surface, might touch it up a bit that the stuff won't fly in OO, and appraisals may be required.Big difference in pulling in 150K annually or the million in an example and a seller getting 40K or $350 a month, you won't be flying to Paris on $350 for the weekend.Ahhh, but I do love seller financing!

Account Closed most of the time I find water or moisture in a basement it is caused by impropper irrigated surface water.

I realize this isn't ideal and will experience higher vacancy than normal.Price $80,000Loan amount $77,200 (3.5% Down payment)Payment: $414.43 (30 year, 5%)Monthly Rent $2000Expenses: $1000 NOI $1,000Payment: $414.43Cash flow: $585.57I have not calculated PMI or Insurance into the numbers yet.On the surface, the numbers seem to work.

I will know more on the condition of the units and the building next week, but on the surface this seems like a logical deal.

I would be careful with this property, on the surface it seems like a deal, but the fact that the sellers are having trouble means that they are too high and you may be purchasing too high if you offer $225k.In your situation I would offer as low as possible and have them counter you and negotiate from there.

Most tenants although on the surface appear to respect their landlord they all resent you to one degree or another and will always place themselves first.It took me nearly three years and many thousands of dollars to get rid of my first professional tenant (inherited) and since then I am 100% professional in operating my business.

Roof, Hard-surface floors, Mechanicals cost me $90 per month vs. paying cash for these items in the next 5-7 years... 

Even so, I've made myself explicit about no surface wiring everywhere and it's been ignored.

It was actually a 4/2 (on septic for 3) that had only surface cosmetic issues and would be worth 220k arv.

All my HDTVs are affixed to a surface.