And, even if you could find an appraiser to do an evaluation, it's not clear how that would help you.As you state, the motel has been shut down for nearly three years, so there's no current financial data.But even if you had recent numbers, you're planning to operate it as a sober living facility, which I suspect is a very different business model.You need to find a comparable facility in or near your local market and develop your own customized financial analysis model based upon this particular property.Then, given your business objectives (cash flow and cash-on-cash return, I assume), you'll need to back into what purchase terms you'll need to achieve those objectives.Only then will you be able to determine whether these seller financing terms will work.As far as documentation to get started, a letter of intent (LOI) is commonly used but you might move straight to a purchase and sale agreement, particularly if no agent is involved.Whichever path you choose, just be certain to give yourself plenty of time to thoroughly perform your due-diligence.

I would love a few tips to get started, "get my ducks in a row" before next summer, and be ready to either build or purchase a duplex, triplex, etc., to start a house hacking journey.

Our hard money loans (commercial real estate) and the existing loans we purchase are usually brought to us by mortgage brokers.  

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

I purchased my first investment property in Jan.

.- Goals: My aim is to successfully purchase, rehab, rent, refinance, and repeat with my initial properties, eventually scaling up to build a portfolio.Questions1.

Will fund deals up to 100% purchase and 100% of rehab costs3.

I recently purchased a property acquired via foreclosure auction and wanted to use a Hard Money lender.

If you have 15-20% of the total project cost (land purchase, building cost, loan cost, etc) with an experienced GC, you can try commercial loans for new construction.

Can you explain how this would work if sellers want to purchase another home within 6 months?