They other numbers are your responsibility to figure out. 

@Matthew Olszak Thanks a lot for the response...even if it's not what I was hoping to hear.

Here's how:I would have to discount what he wants down to around $10-15kI would buy it subject toI would sell as a lease option for around $390k <- I'm selling on terms so the price is higherI need a nonrefundable option consideration of no less than $20k <- money in my pocket to do what I want withThe payments each month is $2000 They are responsible for maintenance and repairs as a condition of the lease option agreementThey will need to refinance within x amount of years or they lose their option considerationIf they don't buy it, they leave and you do it all over againThat's what I'd do.

Can I just say...I'm not 26yo, but am very new to real estate investment and have found value in all your responses above.

The above responses are on point.

@Peter Prawel Man Peter, with me being a broker here in chicago, i feel like my response needs to be loaded with scenarios but I'll just keep it simple.

Thank you very kindly for your response.

I know I'm not responsible, but I want to handle in a way that it does not cause future stress with the tenants, if that is possible.Thanks in advance for the help.

That being said, does anyone have some sample term sheets they have created for this situation that would include the responsibilities of the borrower and lender, the amount of interest for the term, time period and payback terms.

Either by text, email, or phone depending on how responsive the particular tenant is to each mode of communication.We had a situation laat year at our SFH rental when we had an estimate from a roofer about work to be completed on both the rental and our primary home.