cost: 1,300/mrunway: 4 months = 6,800spread: 1900all in cash: 138,800Income a year: 22800/y ÷ all in cash = coccoc: 16.43%seller sees offer: 250,000sub-to 120,000sell fin: 500 w/ 0% intrest term: 13.33 yearsdown: 50,000

And yes, as long as construction prices keep increasing while home prices drop or stay steady, it does not make sense to build spec. 

I personally have closed on a handful of properties with owner carried financing and have negotiated terms for several million in private notes for clients.

Also, what are you main reasons for looking to STF in Rockford, not knocking the area by any means but there is so much opportunity within the city limits where you're less likely to have extended vacancies.Short term rentals have taken a beating this year, while long term rentals have seen an uptick in what they can charge due to high home prices, and inflated interest rates.

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

Our group doesn't want to create a huge number of vacancies, so some of the NOI is being trimmed in the short term.

How long did it take you to do the rehab?

But if you decide you are going to permit it, you need to have a contract drafted that protects you in case he is negligent or doesn't comply with the terms of the agreement.

So, if you felt that was the price range and chose to come in on the lower end of that I would stick with that and enjoy what will hopefully be a LONG LONG tenant stay. 

I have worked in long-term care for over 20 years now as an Administrator , and now I am running a healthcare consulting business on the side.