This needs to be calculated in to the evaluation.

Account Closed every state has a first time buyer program already so I think evaluating those would make more sense than promising more.

To facilitate an informed decision regarding my suitability for the role, I would like to propose starting with a trial period which would allow you to evaluate my performance and see firsthand how effectively I manage properties remotely.Thank You.

Learning things like the real estate vocabulary, sales scripts/tonality/processes, KPI's, acquisitions, evaluating deals, etc.

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.

This integrated approach helps mitigate risks and reduces the complexities of managing multiple service providers.As you consider investing in Memphis, you should evaluate the local market to identify neighborhoods with strong rental demand and growth potential.

I do understand this is just one factor in evaluating investment properties, but is there a “rule” or general number for price to rent ratios that indicate a “buy”?  

Here are some key criteria for evaluating a Cost Segregation provider:-  Seek out a Certified Cost Segregation Professional- Consider their experience with tangible property regulations.

It's also important to evaluate different loan options, such as conventional, FHA, or hard money loans, to find the best fit for your investment strategy.

Until then I just continue to learn, and evaluate deals, save money.