From your examples, the potential missed rent payments (due to Coronavirus) and CapEx over the years, should have been captured in the estimated monthly vacancy and CapEx.  

Another improvement for the owner is putting in meters or setting up a RUBS program to capture and make utilities a recoverable cost. 

@John Faraday it seems that you have great experience and a system worked out to capture value/minimize cost along the transaction process.

And THEN enter with a witness capturing all on video.

I am a chef by trade, so have a thick skin.

His compensation will come in the form of profit-sharing.It sounds like a pretty sweet deal....My question to those of you who are experienced with these forms of creative financing is this:Assuming I can avoid buying bad properties and assuming the lawyer competently covers the legal bases, are there any risks to this strategy not captured above?

Thats what I want to see.That means I'm capturing about 40k to 50k in equity on every deal and my net rental profit is roughly 150 to 200/mo.But there are times when you'll go outside of that box.

Offensive virtues are equity capture on the buy, rent, forced appreciation on the renovation, appreciation on the hold, principal pay down as the loan amortizes and the conversion of cash to a physical hard asset to prevent losing buying power as cash sits in an interest bearing account that is outpaced by inflation.

You may capture some helpful phrases and concepts by listening to that podcast.

I wanted a home inspection done so we set it up...When I walked in with my Property manager we smelled something funny. ( This is an upscaleArea btw.. rent was $4500/month 3000 sq ft home with huge pool and breathtaking view that allowsYou to capture Disneyland fireworks nightly.)