Have a buyer who wants to buy a home in CO, but lives in CA. She

And, how much cash do you want to lose every month?

I'm not looking to create cash flow, replace, or supplement income, so as long as the place isn't hemorrhaging cash, I'll be fine with it.My 'ask' is to connect with folks who own or manage any STR / MTRs in the vicinity in the hopes of just getting more knowledgeable about the local regs, different communities, etc.Thanks!

I don't have much liquid cash available, so I'm trying to get a little creative.

Are you looking to hold on for long term appreciation while getting some cash flow or are you looking into other potential investment ideas?

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.

Hi Carlos, In a best case scenario it would be a cash buyer or conventional loan buyer you would need due to the seasoning period of just purchasing the home. 

. - Free would be nice but if it's paid and has extra functionality I would consider. - Interest earning (not a ****** 0.2% either).

Then taking any cash made on that project, reinvesting it into the next, and growing cash reserved over time. 

The IRA should be paying somebody else for those services and not receiving them from you for "free".