I figure I have nothing to really lose even if they don't take off.Looking for some insight on going about this.Thanks

I ran into this when I built 3 homes in Seaside.. my bank basically would have given me 30 lots they had.. and I tried 3.. but the build cost created a non profit situation and I don't need the practice.. the locals were double what I would pay in the Valley.. when I built out in Hood River we could get guys to run up the gorge from Gresham Troutdale no problem but it was also 5 years ago when pricing was a lot lower..  

Add in the $100/month cash flow and your investment was great.Will there be on-going rent and market appreciation? 

Perhaps seller financing the business only would be more appealing if you position it as the $400k home purchase will help them buy the RV and the monthly payments on the $150k business will fund their RV traveling as ongoing income for gas and RV Park fees.

It was huge and a bit intimidating but I plan on going back now that I have an understanding how they work and a better focus on what I'm looking for.

You need to either purchase below retail, purchase a value add, and/or rely on the historically outstanding appreciation (market and rent appreciation).I am still optimistic on on-going near term rent appreciation. 

The money is going to be made ongoing long term..

If you will manage the property on an ongoing basis, I would also charge a property management fee - 10% of collected income if it is an SFR.Another option would be to split the profits 50/50 to 70/30 (them/you).Whichever option you pursue, I recommend speaking with an attorney to make sure you are doing everything by the book.

Hello BP Family,This is my first post.I just made my first deal and it's a long distance one that came to me through a relationship I built using the tips and techniques I learned here at Bigger Pockets.I paid $1000. under asking which to me didn't feel like a good deal at the time, but I ran my numbers in multiple different scenarios and I just knew I had to pull the trigger.

I ran into that where my bid was rejected due to that as I had already purchased 2 other houses that same day in the auction.