Seller looking for $500k cash for this deal at 45k per door.

However, that won't work for several reasons:  1) The lender is not going to finance the $15k assignment fee2) The lender isn't going to consider the purchase price in this example to be $150k, they would typically use the $135k price in the original contract, and 3) In this particular example they may not even use the $135k price because it's not an arms-length transaction since it ultimately boils down to a deal between you and your father.I applaud you for trying to be creative, but ultimately what you're proposing isn't going to work and it's going to make the transaction a lot more complicated than it needs to be.

I'm sure there are more multifamily buildings changing hands in my county besides what I am seeing.Thanks for the help!

This is truly a fantastic place to connect, learn, and continue growing your real estate knowledge and network.Keep up the momentum, and feel free to reach out if you ever want to share more about your journey or need advice.

I am seeking reliable data and cannot solely rely on platforms like Zillow for this information.Thank you for any assistance you can provide.

I'd be happy to help and share some of the things we may have done differently. 

Hi BiggerPockets fam, I'll keep this post pretty simple. 

I understanding is the TN has some crazy rules and regulations that complicate this process. 

This will determine how you split it 

I’m not looking to be the GC (obv) on this and will be hiring a GC.