Neighbor letter campaign (but there are no nearby towns)5.

During the first year, my tenant failed to pay rent on time and sometimes we had to threaten him with eviction letters.

Was able to negotiate seller financing of $1,500,000 @6% Interest on a 5 year balloon.

Purchase price: $850,000 Cash invested: $140,000 Sale price: $1,476,500 Source: Cold Call12 unit multi familyPurchase: $850kLoan 1$250k 1st position loan (down payment to seller)2 yr balloon,12% interest onlyLoan 2$600k 2nd position seller finance3yr balloon, 0% interest, 30 yr am, 8 month deferred paymentsThree 4 unit buildings.

NOW, if there was a recent storm that cause a sudden leak resulting interior damage you may not have much of a leg to stand on because HOA was not neglegent in doing timely repairs, it just happened.Now if you think they should repair but they won't you will have to sue your HOA (yourself also since you are an owner) Once they board and HOA recieve the letter from your attorney, they will likely just settle and fix your wall inside since it will be way more costly to defend and it may raise they HOA insurance next year, thus passing the cost to you via your HOA dues.

Loan:$20k down, 3 year balloon, 4% interest amortized over 30 years.Sale: $727,000This was a 4 unit property located a few blocks from the beach in Panama City Beach Florida.We decided to sell due to the amount of work needed with no renovations and sold for $727,000 less than a year later.

Here is how I have it right now:PP: $3,000,000Entry: $450k + CCInterest: 3.25%Monthly Payment: $12,000Balloon: Split Balloon- one partner wants outin 3 years the other at year 10.

Sending out letters.

Letter of intent to the owner? 

Hell, you could offer 12% interest, interest only payments for 2-3yrs then agree to a balloon payment.