My builder friend can build a fairly generic townhome for about $250k/door.  

I prefer buying sub $200 in a market where median is $350k+, long as it's fair condition, ancillary/satellite MSA, because I know time will slingshot appreciation. 

You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise egregiously violating the law.

I went to school in Michigan and worked in GR for several years, so I'm fairly familiar with the areas, but not as an investor.

We paid ours off when our balance was $125k, but on a 15 so payments were fairly high at $1732 PI.

You have a fair bit of floodplain along Cane Creek at the bottom of your parcel that is unlikely to ever yield any development value. 

Sometimes they don’t like that because you don’t have skin in the game.As for advantages to the seller - are you going to pay them more for the property, that would be a perk that I offer in addition to making a little extra on interest for the duration of the loan.

A good indicator of this would be analyzing the HUD Fair Market Rents year over year.

Ideally, I’m looking for buyers who can offer fair deals and make the process smooth.If you’ve sold owner-financed notes before, I’d love to hear about your experience—any tips or lessons learned would be greatly appreciated!

Originally posted by @Sidney Wilson:I understand that it is sometimes easier to have a broker do the work to find a lender, but the 1% + I always paid to brokers was a fairly significant cost.