In his pro forma most of the normal stuff is already included so the other really leaves me wondering where its going.Thanks for explaining the NOI.

If you want their business just to provide it in English and Spanish, and if you do not understand Spanish make sure someone that does explain the rules.

This is all explained to them when they apply and it's in the lease.

I take it you had this scenario play out by the way you were explaining things?

I was going to include that, but didn't want to explain it in the condensed version.

He explained that he had purchased the new property with no money down.

@ Joe Gore Do you feel that it is my responsibility to sit down with the seller and explain to him/her all the ramifications of all clauses of a contract?

Saying "we're doing this just like a normal mortgage, but you are getting the interest instead of some bank" tends to go over better than explaining L/O's and land contracts to a seller.

@Aaron Montague Could you explain again your idea for the creative finance on the SFH?

But, if you're doing it for practice then approach the seller, explain you have some investor buyer and decided you don't want to hold the property and that you'll pass it on to your buyer.