It’s a valid concern, and one that I've faced many times.

I don't know how long it would take and I'm not even sure I would get a response so I could be wasting time. 

•Management complexity: Owning multiple rental properties can be complex and time-consuming.

I’d have to take some time to do some thorough research on STR as a strategy and do a thorough market analysis.

He has ghosted us for days at a time and now he’s done it again but finally responded to text messages and said we need to find somebody else.  

And, even if you could find an appraiser to do an evaluation, it's not clear how that would help you.As you state, the motel has been shut down for nearly three years, so there's no current financial data.But even if you had recent numbers, you're planning to operate it as a sober living facility, which I suspect is a very different business model.You need to find a comparable facility in or near your local market and develop your own customized financial analysis model based upon this particular property.Then, given your business objectives (cash flow and cash-on-cash return, I assume), you'll need to back into what purchase terms you'll need to achieve those objectives.Only then will you be able to determine whether these seller financing terms will work.As far as documentation to get started, a letter of intent (LOI) is commonly used but you might move straight to a purchase and sale agreement, particularly if no agent is involved.Whichever path you choose, just be certain to give yourself plenty of time to thoroughly perform your due-diligence.

I see a problem with a lot of saturation in that area, and I can imagine that it is very difficult to stand out, and anyone that does operate one of those condos, would you do it again, or would you try to get a house next time? 

Lots of us do what he does and do it better or better terms and more leverage I know I do. and no one can fund as fast as me LOL  by the time he is  done doing a deep dive into your fico and your PFS and verifying your assets I will have your deal closed and funded !!

I am a BGSU grad, full time real estate investor and owner of LPG here in Toledo.

I do have access to the following: - My primary with a 60k HELOC- A duplex with a 30k HELOC (taken some time ago...