Keep the momentum, research like you are possessed and it will happen for ya! 

If you are going to finance it, the majority of banks will not lend if you don't have experience no matter how good the debt service is.

I am not sure if I want to do this... we are in our early 60's live debt free...except for college for our youngest daughter...and I am wondering if a credit union would be are best option or other source.Thank youVictoria

I will just assume NOI is correct, based off the $1.39MM loan, that would mean $80K in debt services ($6,665 x 12), leaving a $-31.2K cash flow a year, that makes no sense hahaNow we have cash flow for year three, we get a -6.7% cash on cash return, again makes no senseUsing year 3 sale price as an example ($2.48MM) and the 5% cap rate listed, this means annual NOI is $124KDebt service is $80K, leaving $44K in cash flow, can you confirm this?

Buyer is willing to front $10K and close and take possession in 60 days.Agents can't do that.    

@Jon Quigley My experience is that banks look at your total debt to income.  

But you can't give any guarantees to the seller.If you leave the tenant buyer to their own devices and do not consul them on improving their FICO score and their debt to income   But doesn't look good for you as a lease option agentI recommend you look at upgrademycredit.com and ask for Blair Warner, who has a huge amount of experience helping people increase their FICO Score, and in  loan origination in generalAnd he resides in the great state of Texas, but does increasing of FICO score consulting business in all 50 states.

Buyer will be responsible for obtaining possession of the property upon closing.

Lots of great people on BP some very experienced folks willing to share.. but they are not going to do it for you or spend hours explaining it to you verbatim like a paid coach will.If you don't have the money for coaching then by all means don't go into debt for it.

In wisconsin, state law says I can deem tenants possessions abandoned upon move out but I must inform them of such.