Would love to know where you are finding an individual to help with this.That duty of course would be on top of the typical tasks of helping make calls and fill the pipeline, and organize/set meetings etc. 

Preliminary priced from $100,000 to $199,000 for the California market, this home will make an impact in affordable housing juxtaposed helping Californians reach the American Dream.What made you interested in investing in this type of deal?

A few things that could help the community weigh inHelpful to have some ballpark numbers because without knowing 4% of what vs how much a HELOC payment would be, etc etc it's hard to weigh options. 

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.

They can help you navigate any potential tax pitfalls and ensure that your strategy maximizes your benefits.Overall, your plan is ambitious and well thought out, but it’s crucial to keep these factors in mind to ensure success.

Interest Rates are going down and that will also help with any new investment or cash out refi and keep growing the number of doors. 

Knowing the property's condition helps you accurately estimate these costs.

But if you search "Finance Friday" on BiggerPockets Money podcast on apple or spotify or wherever you listen they have some real gems that might help you think about where to start! 

Not that it helps you with your current situation but that's just one of the benefits of having an independent agent handle your policies. 

I think you might be googling the wrong terms and of course google is no replacement for local knowledge/help….The “notice to quit” requirement is 10 days.