Of the five years ending on the date of the sale, they must have lived in the house at least two years.  

Here are some basics on the property.SFR RentalLong term (3yr) tenant pays $1350/mo + all utilities (tenant is local school superintendent)Owner possibly refinanced at $100k in 2003.26 acres2 /11 1/4 story capeWaterfrontDetached 1 1/2 story garageTown Assessed Value: $122,300Actual resale value: potentially around $150k Deeded access I have put in 10% management, 8% vacancy, and about 6% others (capex, maint, etc.)So here is what I would like to send his way for a seller financed offer with no money down: Seller financed at 5% (30 yr amortization) with a 5 year balloon payoff payment Balance payoff payment at 5 years (~$91,829) Early payoff <24 mos = 10 points ($10000)Early payoff >=24 mos <36 mos = 8 points ($8000)Early payoff >=36 mos <48 mos = 4 points ($4000)Early payoff >=48 mos <60 mos = 2 points ($2000)Option for buyer to extend payoff date up to 15 years (within 6 months of payoff date, at a cost of 2 points.)Buyer to pay all title, recording, transfer fees etc.Total Interest Paid (If paid in full at five year mark):$24,038Total Sales Price with interest (If paid in full at five year mark) : $124,038Keeping in mind that we make money on the purchase, I would like to offer a fairly low purchase price that would help me get my foot in the door, and continue to give him monthly cashflow and delayed capital gains.  

I don't think rents have gone up any higher than that now when i checked online on a couple of websites. 

Check online for complaints about the syndicator.

Additionally, my county provides general property data in easy to use files showing things such as # of bedrooms and bathrooms, the general condition of the property, last market sale date and price, zoning, etc.

Additionally, my county provides general property data in easy to use files showing things such as # of bedrooms and bathrooms, the general condition of the property, last market sale date and price, zoning, etc.

As a part of my application, I tell applicants that I require that payments be made online by debiting a bank account. 

Current lease term (expiration date, month-to-month)7.

Going on almost a year without even a court date.

Most of the multifamilies I've seen available online are in desperate need of repairs to make it comfortable for us and the tenants!