There is no perfect software out there.

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 personally don't want to use them again mainly because of the lack of communication  ya I watched the video you can tell industry knowledge and experience no doubt.. but unique lender not so sure about that..

I probably have 150k equity at this point)- A SF rental with ~150k equity, no HELOCThe new property will probably need to sit for 6-12 months while I renovate.

So you'll have to show that you've made the payments on time for 12 full months (cancelled checks or bank statements to evidence debits on your bank statement to show payment).The 12 months of payment documentation will be required from the underwriter as a condition almost guaranteed 99.999%.Keep in mind what I am talking about here is if you pay an underlying mortgage that you're not obligated on and after the 12 month of payment you are "no longer," subject to the 50% LTV restriction with conventional financing.

I would suspect that those prices you're seeing on Facebook are for crews that are not licensed, not insured, no workers comp etc etc....Basically it's the old story......

Hi I am no expert but I have been looking at Boston area for ~9 months now.

However, based on new IRS audits, we recommend LLCs even with no tax benefit.

It came as no surprise when I looked Gatlinburg Falls up on the Better Business Bureau site and found this.  109 complaints posted in the last 36 months!

LLC is going to give you legal protection to some degree, but there is no difference from a tax perspective.