I would have the property appraised or at least get a BPO to establish the market value, if that has not already been done by your attorney. a.

It a lot to think about and I will work on the negotiations and let you know how it goes.

Make it more of an auction format targeted to owner occupants.. isn't that the way to establish true market value.. save 3% on seller agent fee.. and maybe another .5-1% on buyer agent fee?

I'm sure you have a lot to contribute as well as learn from the group.

I think its better to just walk away from someone who burns you than establishing a punitive system that suggests everyone intends to.

It's going to come down the the relationship and level of trust you can establish with any investor and more importantly, what you bring to the table.Best of luck-

I greatly look forward to learning from others here and to establishing good relationships.I came to BiggerPockets through the blogs of Brandon Turner and Paula Pant and have been blown away by the incredibly helpful and accessible information as well as community on the podcast and website.

Finally, the first thing I would do is to read the BP free beginner's guide to establish a knowledge base.

A lease-Option with 10% equity established with payments made to equity will probably be seen as a disguised sale under the IRS (LOL, not to bring that up again, but) it will also be a financing arrangement under the SAFE Act.

There's a lot to know before you do anything with a SD-IRA.