Should I have this established before purchasing a property, or accumulate it over time after making a purchase?

I have cleaned up a number of these deals over the years.. they are all great when they are working and everyone is on the same page but when they are not.. there is extreme risk to the original seller especially in Texas were a bank or lender can get a money judgement on purchase money loan.. out west not so critical original seller just gets their credit trashed if it was not already.. but there is no money judgement available to the lender for a purchase money owner occ loan in first position.

After they were purchased, they were filled out, sealed into envelopes and mailed to me via certified mail.

Considering the new construction (2023) and current occupancy, is the purchase price reasonable?

I'm understanding that everyone's in agreement not to blur the lines when establishing your criteria for accepting or rejecting an application...

Require the applicant to sign a Holding Agreement, with a requirement that they pay a non-refundable holding fee for June (pro-rated) and July.

Is anyone using Purchase Money Mortgage ILO Contract For Deed?

Purchase price: $500,000 Cash invested: $125,000 Bought a 3 unit property 10 mins away from me!

I tried to use nerd wallet but their estimate is vague and you cannot put in purchase price/bed/bath information.

Adjusted basis is purchase price plus improvements less depreciation.