They should be ok with that.If you have a buyer immediately, you can then have them send in the check if you play your cards right.

I cant imagine the tenant would win huge sums of money...what sort of civil damages are at play here?

It’s game time … just play a little and you will get to the right number with them.

Rents follow the law of supply and demand.

They have to put more money down in order to make sure it cash flows and they depend on appreciation or value plays to make the overall investment workout for them in the end.

The worst thing you can do is start playing with the numbers to try to make them fit.

Tom,As I stated, I was in no way knocking your strategy and I understand perfectly how the game is played.

I live in Las Vegas and I play " poker" for a living..

From that point, you probably want to start lower as most sellers will want to play the negotiating back and forth game, so better to start lower and do not go over your set max price.Also, identify the average vacancy rate over the last 10 years+ and include that in your expenses.

Now those relationships are based on a numbers game, but developing those relationships with your investor buyers is essential to understand what numbers you need to be playing with.