She was also good at adding credits for damages based on the inspection report. 

I've searched around and found some great insight on SELLER FINANCING, but I'd like to see if I can dig a bit deeper...My hypothetic deal: Seller is asking $250K for his turnkey 6plex.Gross income is $36,600yrI've yet to get an answer as to why the seller is open to selling, I replied to a for rent craigslist ad just asking if the owner might be open to selling the building?

I get a D on reconciling contractors’ conflicting estimates and invoices with budget.

This is a program where 1st time home-buyers who make at or under a certain % of the area median income (say 80% or less for example) qualify to apply for the grant, certain banks receive grant funds so you would need to ask your bank if they participate in this programRehab costs: $40,000 (lot of sweat-equity)Appraised: $385,000NEW PITI $1785/month: Refinanced into a loan of $260,000 ($325,000 with 20% down, 30 year fixed rate portfolio loan @ 4.375%) and pulled out $61,000 ($260,000 minus $191,00 owed on old loan minus $8000 closing costs) I could have taken out a higher loan (due to the appraised value) and received more cash-out $, but I wanted to be conscious of what my new PITI would be and make sure I could cash-flow going down the road.DetailsBefore Renovation- 864 sq ft - 3 bed 1 bath ranch style home, , attached 2 car garage, 1/3 acre yard- Purchased foreclosed for $220,000 with a 30 year fixed rate loan @ 3.875% - PITI $1385/monthI worked with my local bank to build in renovation funds into the actual loan, where I would pay to have work done to improve the property (new roof, heating system, flooring, etc) and the bank would inspect the work then release funds to me to reimburse for the cost of each repair as they were madeAfter Renovation- 1278 sq ft (finished basement added 415 sq ft)- 3 bed 2 full baths- Appraised Value $385,000The first 6 months in the property was spent doing new roof, heating system, refinishing existing hardwoods (hidden under grey shag rug), new SS appliances, new paint inside and out, finished basement (added another living room, office/bedroom, and full bathroom)For the refinanceI was quoted by my local bank for a 30 year loan a 4.875% interest rate. 

I added that to my list of potentials after checking it out a bit.

Google Dallas Kidd and Under Pressure or PM me and I can give you his website.We have also heard good things about @Michael Belman with M&M Property Pros - he's here on BP somewhere.We have other construction suppliers that have installers. 

Adding the rehab costs would have brought down my cap rate to just under 5% using an expense ratio of 55.6%.

However, would anyone consider a month-to-month with an added premium of 5% rent increase? 

LOLWow, I wish I would have low balled them even more, they took my request for 50K price reduction....I am adding to the inspection response verbiage that I want to also review the leases and have an additional 3 days to back out to give me time to review the leases.

If you want to get a 2nd opinion from him either message me, or Google my first and last name and give my office a call.