For properties like these with no historicals it's tough without an experienced manager in the area, asset class, and vintage of the property.

Depending on how the owner financing was originally structured, the buyer will get title to the property for the first time or the seller will execute a Satisfaction of Mortgage indicating the mortgage has been paid in full and releasing the lien on the property.Owner Financing ExampleSay, for example, a homebuyer wants to purchase a historic home that doesn’t qualify for a conventional mortgage due to its age and condition.

They were a tough sell anyway because selling has historically been a lot easier and a lot less costly for the sponsor. 

The neighborhood is a B+.Anyone willing to give guidance that has experience working with deep renovations or historical properties, please let us know.

Luckily there is no historical preservation ordinance on this lot.I guess my first question is, how do you know you should go forward and purchase a lot that you can SLS?  

Rent growth - Higher annual growth than supported by historically or fundamentals3.

Historically, schools were ranked purely off of their API (Academic Performance Index) scores.

. - Old windows, old roof, structural issues, age of plumbing, electrical- I calculate Cap, NOI, GRM, CoC but they never really give me much more than a standard 3% Cap, 1.5% CoC ball parck.In residential its so much easier as you can look at the historic property sale prices to get a gauge of where it has come from but with commercial there is no way to see it unless you ask the broker. 

The rates are historically low, mortgage interest is deductible which owner the effective rate. 

In 2016 Houston edged out NYC as the most diverse city in the nation due to all the people moving here to take jobs that are being created at historic rates.The Oil & Gas sector shed >80,000 jobs in 2015 & 2016 and yet we started 2017 at the highest employment levels in the areas history.