Sense Richardson submarket is gentrifying and clearly a better place than in 2008, it gives you more comfort that you will be able to manage through a downturn.If you are looking at a syndication deal, the experienced operators should provide a sensitivity analysis to rent, occupancy and interest rates if they are using a variable rate model.  

I want to look thought other school and see if this is a common thing, but has anyone else looked though these?

I sent a follow up text asking for the buyer's name, proof of funds. and email so I can send the agreement first if he's planning to double close.My main question is, Is this a common way of being approached by buyers, or every buyer has their own way?

In a more general sense just getting started is the biggest hurdle.

What would be a fee that makes sense?

Makes a lot more sense now.

@Cenddie AlabanThis is a problem more common than people realize.It doesn't take much to build credit.

I have warranties on other properties but am starting to think it might make sense to just pay to tent when needed, rather than paying several hundred dollars a year for the warranty, as my parents did.

This is a good point and IF the tankless is actually cheaper oncevyou factor in lifespan, then yes, it would certainly make sense.

If you think $100k would still make sense why not start at somewhere around $80k and see if you can get some seller-financing on the deal?