Ultimately, it all comes down to cap rates.

QuickBooks Pro and higher has a new feature called "Leads" in the Customer Center List.Note that QuickBooks shows 4 tabs to the right called:  "To Do's", "Contacts", "Locations" and "Notes"  Enjoy!

Not done this way, I have seen folks capped at 1 BRrrrrr per two years and/or have to use hard money. 

It is all about know what comps to choose, and how to value or devalue certain features, and understanding the condition scale etc.I would be leery though of placing it under contract with a buyer who has not seen the property.

.* The note must have a fixed interest rate for five years, and at the end of five years the interest rate can increase no more than two points per year with a cap of six points above whatever you started at.

You would have to see what other multis in the area are yielding for a cap rate.

We look for c/c 12%+, DCR 1.6%+ and CAP 8%+ I have a case study on how to analyze send me an email if you want to go through it. 

This is one of my favorite features of Bigger Pockets especially for asking specific questions.

I really like the HP for the scanning features and nothing else.

I suggest you not go 30  years with a note going to an estate, your high school buddy may very well look you up with an unpleasant attitude messing up his parent's estate in their elder years, but check with an attorney familiar with estate requirements.......you can also address such issues with a conditional demand feature, if this happens then they can demand full payment in 6 months for example.