In that case the mortgage could be called, you'd be in breach of contract, you could lose the property, the sellers could lose it in foreclosure, and then everyone loses out.This deal isn't actually seller financed, it's an assumption of mortgage, and because of that we recommend getting financing to clear the mortgage first otherwise you risk some of the things happening that I mentioned above.That being said, if you'd still like to move forward, we are going to need a complete copy of their entire mortgage loan agreement and review thoroughly to make sure we are drafting around those risks.Let me know your thoughts and if you have any questions or concerns.

I've attached my numbers - I've made a very thorough calculator on excel.

@Greg DeFeyter you've laid out a pretty thorough plan and it sounds like you have a good understanding of all the moving pieces.

This theory is based on the fact that there are millions of eyeballs on assets and operators and the thorough analysis from a wide spectrum of players means that the price is exactly what it should be.

This doesn't really work for a passive investor, but I'm involved in the process and enjoy it thoroughly so to me, it's simply playing monopoly.I enjoy macro economics on the side. ;-)

Not implying anyone who has tried to help is insincere or has mal intent.What the OP wants is immediate relief from the anxiety of a situation that merits a thorough discussion with a qualified CA who will ask the right questions.

Healthcare providers usually identify the possibility of asbestos exposure and related health conditions like lung disease by taking a thorough medical history.

Per wholesaling contract, I have to do all due diligence upfront and did not do a thorough inspection.

You definitely can reduce issues by screening tenants thoroughly, but there is no perfect system.  

The combination of data will yield the best analysis.3) Gather as much data as possible for an informed buying decision, but make the leap—thorough analysis, but not analysis paralysis.4) When setting up a property, consider things that will get people to book AND little surprises that will make them happy once they’re there.