These offers have a purpose to outlay the following circumstances: Offer 1 – asking price with traditional financing, offer 2- offer based on NOI and local cap (what would prob be norm if they took to market), offer 3 – lower purchase price (higher than NOI/cap offer but below asking), using 97% seller financing & preferred terms (don't know what they will say unless you ask :)).Buyer Performa used for all offers:Scheduled Rent: $3,900 Tax & Ins.: $850 8% Vacancy Rate (average is 7-8%) 4% Management Expenses 10% Capx/Maintenance (I’d prefer 15% but I’m ok with this giving value add opportunities I've identified) Offer 1 – I want to show the seller what their ideal deal looks like with their asking price and how it doesn’t work with traditional financing that creates negative cashflow for buyer.Purchase Price: $400,000 Down Payment: $80,000 Loan Amount: $320,000 Loan Payment: $2,292 monthly (bank with 6% and 25year amm.)

This will all have to permitted by your city, along with permission from the current owner.Have you considered purchasing the entire parcel and renting the main home back to the current owner?

@Carloz Gil I like stuff that mainly just needs cosmetic improvements to add value and gain some equity afterwards.

Do my Ohio LLC's  under the main LLC "have to" have a Fed ID # if they are only there to contain ownership of the property?

I frequented it but the last several months it just redirects me to the main site.

My main concern with it is that area is seeing a massive amount of new construction in both hotels and houses and if the economy gets soft the booking could get very competitive and rental rates could compress and occupancy fall.

The purpose for this CRM is build a seamless lead generation tool that allows leads to flow directly into our platform, so property managers have a single platform that can handle lead generation, property management and accounting. 

You might be able to hire a GC for a fee and bank loan purposes, but let them sub it to your dad. 

Winning the suites is not the purpose of your landlords actions.

I mainly want to serve investors and residential.