It seems like raising millions would be very difficult regardless of how good the deal is.

The latter seems to provide a middle ground that could enable professional maintenance oversight while allowing me to retain some control, mainly through tenant communication and management portals like RentRedi.

I guess I was naive when I met the tenants and they both seem to be good people.

Seems to be a shortage of positive cash flow properties available on the local MLS here in central Ohio.

He seemed ok with it and made payment just after the call.

The area is adorable but seems to be only serviced by bus. 

We want to give owners some flexibility and a good experience working with us, but also, contracts are the assets in this business model i.e. if you don’t have some teeth in the language, if/when you try and sell your company later it won’t be worth much.The 60-90 notice period seems to be a good balance.

Hey Kim, seems you are getting a lot of great outreach already.If you need another datapoint I'd be happy to help.

I had wrapped my head around residential not around commercial, But to me the deal seems amazing - you guys tell me 8000 sq. ft building7 storefronts on an active downtown street (all rented and currently have tenants)34 unit mini storage in back lot (29 units rented - the rest of the unrented are being used by the current owner)Asking price is $798,000 and owner is ok with seller financingAfter sitting with them today the owner who is 83 said he is ok seller financing and verbally agreed to $715,000 and a 4% interest rate, 30 year note, $100,000 down payment, no early payoff penalty - my lender and real estate agent both came back valuing the property as it sits at $840,000Income = Rentals ($5075) Storage Units ($1935) = $7010speaking with the owner he hasn't raised the rent on either the storefronts or mini storages for almost 10 years - looking at comparables in the area we believe we can raise the rent and storage units easily to push the income up to $10,000 a month 4 of the 7 Tenants have been there 5 years plusCost = Including estimated payment, taxes, insurance ect. would come to a monthly of = $4450that would cashflow $2560 a month at its current with the potential after purchase and rent adjustments cashflow $5460 a monthPending an inspection the property looks in good shape with little to none improvements needed at this timeA quick background I have had rentals before on the farm we own, three houses we rented out so I have some experience) My QuestionsIs this a good deal???

Seems like there's a million options, so I'm trying to set my compass and then can always change course as needed.Thanks so much!