They require work and often have risks 3) alternative rent models such as STR, MTR, rent by room.  

I am already seeing industry shifting towards both models. 

The townhome/condo model where you rent by the room for the rooms you aren't using.

That is for, if necessary for us to sell our existing home and move to the number one produced, which will be the first "model home".

, business model viability, etc.Any input would be appreciated before I get in touch with them.Thanks for the feedback and have a great day.Yasir Lillingston

And, even if you could find an appraiser to do an evaluation, it's not clear how that would help you.As you state, the motel has been shut down for nearly three years, so there's no current financial data.But even if you had recent numbers, you're planning to operate it as a sober living facility, which I suspect is a very different business model.You need to find a comparable facility in or near your local market and develop your own customized financial analysis model based upon this particular property.Then, given your business objectives (cash flow and cash-on-cash return, I assume), you'll need to back into what purchase terms you'll need to achieve those objectives.Only then will you be able to determine whether these seller financing terms will work.As far as documentation to get started, a letter of intent (LOI) is commonly used but you might move straight to a purchase and sale agreement, particularly if no agent is involved.Whichever path you choose, just be certain to give yourself plenty of time to thoroughly perform your due-diligence.

HUD won't approve something their model says can't work.

Makes a huge difference especially in our economies of scale business model. 

I do like the rent to own model he speaks of in which the tenant assumes responsibility for the maintenance

Hey I have a lot of contacts with contractors if you are interested in possibly finding someone who fits more in line with your business model .