If you do install any Cadet heaters though, for the love of god please pair them with the manual knob-style thermostats - the Cadet electronic programmable thermostats are maybe the single worst product I've purchased in my renovating life, and were replaced almost immediately after installing them.Doors and Trim. 

The most important thing to a seller is trust, ie trusting you w/ their personal credit, trusting that you know how to execute, etc. 2nd most important thing is understanding the nuances of how to structure the deal. 3rd thing is to have a great attorney who knows how to bring it all together. 

And as you say, your product is NOT real estate related.  

We are here to assist you with any properties you are looking to invest in on our site or anywhere.To your success, Zach >You certainly could include 5% capex, but this seller has not as the home has been recently renovated or newly built, meaning you would not expect large capital expenditures within the first 5 years at least. when a product is placed into service its lifespan has started.

My personal insurance nightmare started on Sept. 10th and required $120K in improvements during the past four weeks.

I personally don't think that will last if rates drop and people jump back in, so I'd say reinvest while prices are "low" right now. 

Sale-Leasebacks have inherent challenges because the tenant/seller is incentivized to market the property in such a way they get they price they want, but if the entity who signs the lease is weak and there's no personal guarantor, they could stop paying rent the day after you close leaving you high and dry with very little legal remedy.I don't know your market, but in my eyes, any 10% cap offering is either an extremely weak tenant OR a tenant that has very little term remaining with no plans to renew.If I were, you I would very seriously consider how much I like the real estate and what my odds would be of refilling the real estate with the same or better rent and/or a better credit tenant once this tenant goes belly up.

The plan is to put the property in an LLC at the onset (I heard this was easier/better rather than putting in personal names and transferring after the fact).I was given the following rates.30 year fixed: 6.875%. $5255/mo15 year fixed: 6.5%. $6969/mo10/1 ARM. 6.5%. $5056/moWe currently have a 15 year fixed on our primary home as we wanted to go into retirement debt free on the primary home.

My product is slightly different, it's more about connecting borrowers to lenders, so I don't think I need to learn about Fannie Mae at this point.

Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.