Both were very timely topics for me at this moment!

I told him how I was trying to get into REI and he offered to seller finance it to me at 7% no money down.

its very hard to use the rule out here(for me at least), so really dont rely on the rule focus more so on the numbers making sense without the rule in the equation thats just me

Vacancy/collection loss they gave me at 3%, but the building is currently fully tenanted.

If you are interested in selling please call me at <insert google voice number>.Thanks!

Should I include a contingency that says current tenants must sign a lease with me at or before closing, or is this going to kill the offer? 

It didn’t effect me at all, but I’m in Boston where the Airbnb business is extremely profitable.

I'm saving up now for the next one, so either way I'll get it done- just curious if there's more meat on the bone for me here.

He offered the land to me at cost, along with his counsel.I also have a connection to a local contractor with a good reputation, a positive history of partnering with investors, and knowledge of the area.I'm cautiously optimistic, but I realize that I'm ignorant.

But I would bet you 1000 bucks they were up-charging me at least 40% on each turn over.