If I’m increasing rent or extending lease term, I send a lease addendum that rent is increased to $x per month starting x date and/or term extended through certain date, along with a letter stating see addendum for review and signature and that if tenant does not sign and return addendum to me by a certain date, then this letter is my notice to vacate by end of current lease term.

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 am looking to start up the San Francisco meetup again.

Thanks Hey Paul,It depends on who you are trying to appeal to.For example we did yard signs for rent to own properties we had and at the time (we were just starting out), we hand wrote "Rent-To-Own - Call ###-###-####" on them and they worked sufficiently. 

One deal is just the start, with 1 or 2 properties there will be more highs and lows, but once you acquire a handful or more then things even out.

Consequently, new homes in these locations start at $550,000.

Start sending your sesume to all the big commercial PMCs in your area.You could also try residential PMCs, but they typically pay less.

I’ve started putting everything to Inventory, but don’t have a ton of transactions yet, so I figured I still have time to change my approach.

While that is in the works I’d like to reach out and start networking with locals and get in to the wholesale game.

Might be worth just starting with Quickbooks if you plan to use it for other properties beyond your commercial property.