I have a cousin in Florida that is moving and would love to come to an agreed price on their place but just take over the mortgage instead of securing my own loan as I am looking for it as an investment and would be required to do 20% down (which I would not have). 

Here are all the things in the contract and here are all the things we did for her:What Six Figure Land Flipper Agreed To Perform Under The Agreement, AndSix Figure Land Flipper Performance Of Its Obligations Under That Contract.Coaching Services.

And, couldn't agree more.

Agreed.

I also agree with what others have said, if they really could get 200% returns in such a short period with acceptable risk, they would have investors beating down their door.

However, my wife is finding it difficult to navigate her own countries conventional mortgage process while being away from her country for so long.

If you can find that information it would give greater insight into how much downside you could potentially be exposed to if the tenant doesn't leave as agreed.  

I had wrapped my head around residential not around commercial, But to me the deal seems amazing - you guys tell me 8000 sq. ft building7 storefronts on an active downtown street (all rented and currently have tenants)34 unit mini storage in back lot (29 units rented - the rest of the unrented are being used by the current owner)Asking price is $798,000 and owner is ok with seller financingAfter sitting with them today the owner who is 83 said he is ok seller financing and verbally agreed to $715,000 and a 4% interest rate, 30 year note, $100,000 down payment, no early payoff penalty - my lender and real estate agent both came back valuing the property as it sits at $840,000Income = Rentals ($5075) Storage Units ($1935) = $7010speaking with the owner he hasn't raised the rent on either the storefronts or mini storages for almost 10 years - looking at comparables in the area we believe we can raise the rent and storage units easily to push the income up to $10,000 a month 4 of the 7 Tenants have been there 5 years plusCost = Including estimated payment, taxes, insurance ect. would come to a monthly of = $4450that would cashflow $2560 a month at its current with the potential after purchase and rent adjustments cashflow $5460 a monthPending an inspection the property looks in good shape with little to none improvements needed at this timeA quick background I have had rentals before on the farm we own, three houses we rented out so I have some experience) My QuestionsIs this a good deal???

@Soumya Brijesh I have a 4 plex in Pharr near McAllen and I 100% agree with Jake F about the filters, bulb, and pest control. 

One couple has a dad moving within six months from out of country.