It is definitely not as clean anymore.All great tips which I will take into great consideration.

It makes more sense to hold off on buying until cap rates rise.

Afternoon,              I am looking to borrow money from my parents and was wondering what contractual considerations I should consider moving forward. 

It seems as if the economy and housing market is on the rise.

Regardless of the outcome the sun will still rise and set, my friend.

I will heed your advice and change to 2% option consideration, again not specifically advertised but only when people ask.

That's a new consideration for me to know others may not be able to easily finance when I eventually sell.I don't see how that makes any logical sense from a lender (or note holder) risk POV - if the current structure could be permitted and rebuilt to it's current use in the event of destruction, why would the lender care?

Older condos and higher rise condos have more repairs and therefore over time less appreciation and less cash flow.

@Bill F. probably the smartest "random guy on the internet"Agreed on inflation which will causes interest rates to rise(theoretically)Imagine getting a 30 year treasury bond that paid 14% back in 80's!

Key consideration--I think you're going to need to your financing lined up ahead of time for Ten-X given their business model.The real answer IMO is to reach out to local brokers who cover whatever markets you're interested in and get on their mailing lists.