I am a local Long Island Real Estate Agent covering everything from investment opportunities, development opportunities, home selling, home buying and everything in between. 

I originally purchased this house to be nearby my grandmother in her last few years but realized quickly that it was a prime area for short term rentals as there are no zoning rules or permits necessary etc.

HiI was wondering if anyone happened to buy one of the Rausch Coleman houses in Benton, Bryant or Conway as an investment property?

I've house hacked twice in Reno, NV and it's changed my life.

New development can work but also a job.  

Find deserted, run down looking houses and contact the owners, etc....You are now describing a scenario of why no one needs agents any longer where Bird Dogs and Wholesalers are of more value. 

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.

Hello allI just had someone reach out about renting one of my properties to use as a group home or adult care home housing adult males.Has anyone done this and what has your experience been?  

Right next door to my house there are 2 properties, both 6 unit 4 bed 2 bath apartments.

Carlos, sell 3 houses every February 15 every year.