I am looking for some current operators in Sandbridge to chime in on this one.

Can someone sent me in the right direction so I can start my research about this topic.Best regards,Leon Korpel

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.

I currently don't have the resources to make any investments just yet, so possibly a mentor or someone willing to teach me some of the skills needed.

Are there any members here who currently have Short-term rentals in North GA?

First-time borrowers should consider their creditworthiness, as it directly impacts loan terms and interest rates.

There are a number of reasons folks want an IRrevocable trust but if you plan financing and vesting directly to the trust, revocable is the path of least resistance.  

I’m currently house hacking my second duplex with my wife.

Me and my significant other are currently located in NJ but dream of making this move happen on the island.

Our intent was to sell, but we are not having luck and need to move in another direction, carrying costs are draining us.