Origination/administration fee 6% due when the clients receives the money and the interest (usually 4-7%) can be deferred until repayment.

That seems incredibly low–does this mean that they've paid off the original mortgage to a point where they own 98.2% of the home?

Originally posted by @Jacob Breazile:@Jeff Kehl thank you for your input.

Originally posted by @Thomas S.

The house was built in 1938, it's a craftsman style home, original hardwood flooring in good shape, original windows but it very good shape, the walls and ceiling had been filled with blown insulation, had a new roof installed in 2017, and the sellers were willing to pay 5k to have the house painted to the color of your choice.  

Originally posted by @Cathie Kovacs:Am I missing something here?

Originally posted by @Daniel Pepin:@Marlon Thomas I’d like to piggyback on your question and see what answers pop up.

The official zoning is C-RS (commercial rural service) but as the home was built is 1919 so it is existing, non-conforming and can be used as a SFH or commercial business.

Originally posted by @Shelby Pracht:@Eric Wilson and @Kat He, we've been doing the vacation rental thing in the mountains for a couple years now and it's been so great.

Originally posted by @Jeb Brilliant:@Jim Adrian Interesting...