Or you could pay him to wash your car and he just happens to leave a bunch of comps on the passenger seat :)

The bankruptcy trustee is not going to let the investor pull a bunch of cash out and dump it into something else and thus not have money to pay the creditors.

If you and your attorneys with the seller play games back and forth it will only cost you the buyer and seller a bunch of money and make the attorneys happy.If the seller wasn't of sound mind at the time then they could simply void the listing agreement and withdraw the property off the market.

It was 2006, and about a year before my wife and I had finished paying off some fairly large debts I'd inherited from my previous marriage.

If so just assign it someone else and make a little coin and let them take the risk.I can tell you there are hidden expenses and your CAPEX will be more than you think.If you buy it will take up a bunch of your time and your money.

Especially since you may have acquired them at a fair amount.

He is 8 years into the business and does very well.I have done fairly well in my first 2 years and have completed deals in excess of $2,500,000.

A seller is looking at doing owner financing.I would be wrapping his note.Property insurance is not escrowed so that causes fewer issues.Sellers main concern is that we owner finance and in say 3 years I get tired and just give the property back to him.I am putting nothing down which he is fine with.Looking for thoughts and ways to make him feel comfortable with this issue.He owns other classes of assets besides apartments and is focused on them.I already own a bunch of other buildings in the area and told him I have staff on site so it wouldn't be an issue.This is for a quad building.Many investors buy with one thing in mind and then sell to you down the road for other reasons.Since I am a commercial broker I have multiple exit strategies already planned out for the property.

Did you put a bunch of cash down or buy them with all cash down?

My opinion, if you are laying out a bunch of cash, it better be life changing.