It sounds like you might not have enough capital at this point...

But it just depends...I am always in favor of controlling assets personally if possible...I don't know the numbers or anything about this deal, but it sounds like you've got a lot to think about on deal structure...if this is even a good deal.Just don't let anyone steal your deal if it's viable....lots of sharks with cash out there. 

It sounds like this property checks off all of the boxes.  

That sounds great!

Some even said it sounds fishy and were trying to talk me out of it.

That sounds fair but I personally would give them 2 options.

@Wayne Brooks, @Caleb Heimsoth Ok sounds good i appreciate all your guys knowledge.

Sounds like your going to die old and alone.

The cash flow sounds great even after heavy amounts of money put aside for reserves.

Unless I misunderstand your first post, it sounds like the seller has not confirmed they will take your offer.An LOI with your terms is usually a good way to kick things off.