We had multiple offers and turned down other prospective buyers - who might have worked with us on price.

BienesNot a lawyer, but in most cases, when you rent to multiple parties it is treated as if they are one, each responsible for the full amount of the rent each month.

A seller is looking at doing owner financing.I would be wrapping his note.Property insurance is not escrowed so that causes fewer issues.Sellers main concern is that we owner finance and in say 3 years I get tired and just give the property back to him.I am putting nothing down which he is fine with.Looking for thoughts and ways to make him feel comfortable with this issue.He owns other classes of assets besides apartments and is focused on them.I already own a bunch of other buildings in the area and told him I have staff on site so it wouldn't be an issue.This is for a quad building.Many investors buy with one thing in mind and then sell to you down the road for other reasons.Since I am a commercial broker I have multiple exit strategies already planned out for the property.

At least 5 of them, and I am sure BP has multiple investors that have attended these sort of events.

I say of course, start writing the offer while i go look at it, but I will bet it is in multiple offers already.

If you consider it you should require they pay 4 months in advance.This will cover them paying the first months rent,time to immediately evict them if they violate a provision in the lease,and cover paint and carpet again.If they violate the lease for any reason all the money paid upfront is NON-REFUNDABLE.Don't just stick a tenant in there to put one in.Make them meet extra security demands or wait on a better tenant to come along.You have to make a tenant like that have a bunch of "skin" in the game.They may or may not have reformed themselves and if they have they should not mind putting extra down.

The sessions will run from probably 8am until 5pm and there will be multiple sessions happening at the same time.

i dont know of any banks allowing a seller to hold your downpayment...not saying its not possible, but most want skin in the game....good luck and let us know :)

Without a relationship, they'll generally go about 65% of purchase price... with a relationship they'll go 65% of ARV.If they don't know you, expect to be paying for the rehab on your own and putting skin into the purchase.

Running multiple rehab projects efficiently, making the best use of your assistant, when is the right time to get an assistant, time management, how to reinvest back in your business.