The realtors pay for advertising, cost of doing business, and like it or not it is worth 6% to the industry.

No one in his family finished high school, they dropped out to start working to help support the family.  

No one in his family finished high school, they dropped out to start working to help support the family.

Thanks in advance for your support! 

Make sure you have conservative assumptions supported by market data. 

Second, I would include $ for home warranty, property management (maybe), and advertising/marketing to get it leased.

The proceeds from the sale would also be used to pay off any unpaid medical bills etc.So if they already are receiving support, make sure their is no MassHealth coverage currently, which could lead to liens and more complication.

This type of loan would certainly be substantially different and it merits a hard look at whether or not the math supports the investment. 

Plus if the appraisal comes in too low you would have evidence to support your arguement

Make sure the sales contract includes a contingency clause that allows you to use your own appraiser and also allows you to walk away and you get sent any fee that has not been earned including any deposit you made nor any penalty, if the appraisal comes in too low or does not support the sales price.One way to make more money is to offer the existing Tenants, if they have reliable history on their lease obligations, a "lease option" furnished by you.