sounds like you have a great opportunity. i recommend the contact for deed route. as you mentioned you can get a lower down and more flexible terms. if you can get a 10-12 year ballon payment you should have no problem refi'ing out prior to that with a conventional loan and pay off owner contract. i would try to get the per unit down. you could try to show the total amount you would be paying when you add interest into the equation and see if he will come down on asking price, at least to market if not below. as well as play up the continued cash for with zero management headaches. ultimately if it cashflows well and you have good fixed debt for 10 plus years my experiences has been that price per unit is less of a factor. cash flow is king.

Rock Hill because of location directly below Charlotte.Alexriginally posted by @Abigail Helfer:Hello!

If the properties sold for more than what you offered, this is just a case of below average customer service, not shady business practices. 

The idea being that if we're conservative and the actual tax #s are below that, then we can enjoy the extra cash flow. 

Just text me at my number below and we can schedule time. 

I popped up for a surprise visit and the lawn was severely overgrown and air filters looked like they hadn't been changed in months, so I fired him.  

I aim to keep my overall cost to them well below market rents in order to provide them the best possible value and to keep their spouses on the other end happy.

Because there are no filters, you can expect calls from people who might own homes that you wouldn't want to buy.

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I more than have the $18K or 20% down.I have anywhere from $40K-$60K in equity, conservatively as I bought the 4 below market value.