You don’t have to be as strict as a traditional lender, but it’s wise to check their credit score, employment history, and income stability.Flexible Terms for Stronger Buyers: If a buyer has a strong credit history and steady income, you could offer better terms (lower interest, smaller down payment, longer balloon).Tighter Terms for Riskier Buyers: For buyers with weaker credit, you might require a higher down payment, a higher interest rate, and/or a shorter balloon period.6.

It is still a seller's market in many geographic locations, so you can ask potential buyers for an extended closing period and/or with options to extend the closing period. 

Also, again making your property stand out to be more appealing to those who have to stay for an extended period, how will you make them most comfortable with the possibilities of a fixer-upper?

These approaches consider how the capital has grown or shrunk over time, providing a more accurate reflection of actual performance.For instance, the CAGR in this case would be negative, as it accounts for the overall movement of the investment from $100 to $50 over the two-year period, indicating a loss.If you'd like further clarification or assistance in understanding other metrics for evaluating investments, feel free to ask!

Now that they've missed two reporting periods I'm wondering if/what action I should take.

As far as the 10 month lease, yes you can do a lease/ rental agreement for any period of time.

Each LP invests 70K, distributions start a year after investing as it will take time to lease up, returns 80/20 LP/GP split, 17 - 20% AAR, 1.70 - 1.80x Equity Multiple with 3-4 years hold period.

Another option would be a lease option on the building where you lease it and buy it after a period of time.

If rent isn't paid following a 5 day grace period we post a late fee, followed by serving an Immediate Notice To Quit For Non-Payment, and then contacting our attorney to begin the eviction process.

HELOC is best for short term money, because the interest rates are adjustable, while the second mortgage is a fixed rate for a period of time.