Apple or Google would have been some of the best investments to make over the last decade or two...

Valid comments @Bill Henley  and   @Edward Barnes         What I heard Zeona say was 1) I want to get to the point of doing nothing 2) Now I'm training others (co-hosts to co-host) under me. 3) I have systems. 

The property consists of a large commercial store front (currently vacant), three apartments (a 2BR and 2 studios, all currently rented, all utilities included in rent), a 30x40 insulated/heated pole barn (owner currently uses to store a boat, cars, and an ATV, but could be rented as storage space) with two overhead doors, and a parking lot with 10 spots.

He then received the same $104,500 of principal back ( worth $80,000 today) and has $20,000 in cash left ($100,000 sale price less the $80,000 note purchase price) or the same $14,500 more than if he provides owner financing.Always compare apples to apples.  

Hopefully you'll let me buy you a coffee sometime so I can pick your brain to get a better feel for things here in the Pascack Valley and Bergen.Jaren Barnes - Thanks for the links, I'll definitely be sure to check them out.Thanks again,Kris

With prices here, most CA borrowers don't have this problem, even now in the Inland Empire and Apple Valley.Rather than rewrite it or quote, you might check out this related thread which outlines many of the questions you could ask an HML and a few ways to ensure they are honest.  

And it certainly is apples to oranges from SFR's... but the concept is the same you have 1st position collateral your in the business your local commercial bank is in the business of funding their community investors..

If you are comparing your home to your neighbors, apple to apple in terms of same sq ft, layout, style, etc. - then I would imagine you'd get more than $280K with nice upgrades...

There was so much stuff left behind, it is possible they may still have a set of keys and plan to return ... but, more likely, the 10x10 baby barn will be full to the brim for the next 60 days.We shot over 100 photos - which I am still processing - and tried a dozen shots under ultraviolet light.  

If there is a storage building, or perhaps a unique storage system pole barn used at lumber yards to stack materials, concrete oil pits or a communications tower fixed to the property then the construction or replacement approach would be favored for those improvements.