They operate more like a bond proxy, not at all on par with what most MF investor are looking for, in terms of wealth-building.It again underscores the need to partner with operators who have gone through a few cycles, offer conservative projections (better to under promise and over deliver), and whose objectives align with those of their investor base.

I had a discussion with the police supervisor at the police station and explained liability and consequences (our tenant was indicating the were going to go get their own gun - I would not blame them). 

If you like seller financing because you like the idea of explaining the tax savings to old owners who are going to pay large capital gains on their investment properties, learn that and then build lists with 100 percent equity and absentee-owned for 20 years and go to work.

I most likely will negotiate with them, but from past experience they not always agree to the terms and have to negotiate with them and explain all over again. 

I fear that since I want to have my first deal so bad, I will force my "promising" deals to match my financial objectives, what would you recommend to keep my head focused and not let my emotions rule the analysis of my deals?

The neighbor is another owner, would he/she object building a road (even if the city is Ok)?

Does anyone have better ideas on how to get all 3 objectives done and payoff the investment properties within the allotted 5-7 years.Thank you for any advice on this matter. 

Please explain Your 10% percent stress test . 

They'll appreciate you wanting to improve the property.Ramp Increases:  Depending how much you want to increase rates, explain what the current market rates could be. 

I explained we just spoke for an hour before and I said I’d be here by 2.