@Eric Weldon-SchillingIt seems to me you must have a personal experience that reflects your feeling about property ownership and the lack of access for some people.We are doing better now than I am aware of any other time in history of removing barriers for entry into home ownership.

The Equity Multiple (EM) of an investment does not take into account when the return is made and does not reflect the risk profile of the offering or any other variables potentially affecting the project’s return.There basic formulaic structure for EM:Equity multiple = cumulative distributed returns / paid-in equityorEquity multiple = paid-in equity+yield on equity / paid-in equityThe way I think of equity multiple pragmatically is this: What's the ratio of the dollars I get back based on dollars I put in?

The property taxes may not reflect the latest sold values.

Honestly, you can have amazing furnishings but if it's not clean it will be reflected in the reviews. 

I should have remarks about seller financing copied and ready to post by using function keys, but I'm no techie.Interest is a reflection of risk, not a number out of the air, I have no problem with 7 to 9 % as that is certainly within a reasonable spectrum.No interest is a seller concession on refinancing, imputed tax rates as well, much better to show interest and just sell with a higher rate, if it's not to a owner occupied homeowner it can be commercial and you can have pre payment penalties to ensure so much interest is paid.

Ideally you'd want to have 12 months of seasoning but is reflected in the discount. 

These take about 5 minutes to build in Excel and can easily reflect each month, the breakdown of principal and interest within that payment (so you can also easily track your interest expense and tie out to his tax form he should be submitting to you).For your side, of course pay with check and maintain copies of each of your cleared checks.  

@Steven Lam, Generally, if both tenants are on the lease and one wants to move out, it might be necessary to amend the lease or draft a new agreement reflecting the change.

I don't care about problems with the property if they're reflected in the price.  

The downside is apartment prices reflect this :)