I needed to fix this.

@Steven Pike Don't want you becoming an investor with every wholesaler, fix and flipper or realtor (nothing against either strategy, in case someone gets offended!)

Current line on MI website "We find, fix, fill and manage great properties while you see amazing returns on your investment."

For sure the property needs inspection and will need more repairs to get it appraised at a higher value but my  goal though is to hold for cash flow, and according to the tenants that live in there they are happy with current conditions other than the water heater, the tenant is a handy man himself and does his own maintenance mostly unless there are big problem fixes.

We lived in it and fixed it up for 10 years.

Typical seller financed terms usually assume $10K-$20K downpayment and an interest rate at least a few points north of prime (right now, >7%)   It can be 30yr fixed or 5-10yrs with a balloon.These are really rough guidelines but every deal is different depending on your strategy...

Currently we have two properties (one rented one we are fixing and living in) and we are interested in starting the process to franchise a quick service restaurant.

This is made easier by the historically low interest rates we are enjoying now, where it is unlikely you will want to refinance that 30yr fixed any time soon (as you’ll likely pay a higher rate).

We put around $30,000 into the property for updates and fixes.

Currently we have two properties (one rented, one we are fixing and living in) and we are interested in starting the process to franchise a quick service restaurant.