Thanks in advance for any and all input. 

The owner was good enough to advance money and allow us to renovate the house to move-in ready condition. 

But I left the farm and worked in industry, where I earned money from my labor (time --> money) to buy the 2,000 calories a day.I knew that if I saved a portion of my income and invested it in income-producing assets (money --> money), the day would come when the income from those investments would be enough to buy the 2,000 calories a day I need to stay alive (my parents were struggling farmers in what is today the Rust Belt and were always looking for innovative ways to survive financially).

A lot of people don't realize this is a service based industry, but one where some relative confrontation is part of the routine business.

It's just the way the industry works.  

I am not familiar with your area, but here we have EXCELLENT industrial base, and each town employess at least 500 at medical facilities. 

Thank you in advance. 

Tenant is around 27 yrs old and will be having his mom co-sign.Thanks in advance for your help.Best,Matt

Value can increase via no rent increases if the industry is going through cap rate compression (dropping cap rate will raise value price).5 yr term baloon is almost always killer as in this case.  7 yr better, 10 yr is best.The todo in seller financed deals:- Increase value via increased NOI and hopefully enjoy free increases from industry cap rate compressoin so that when you apply for refinancing, the appraisal will come back so that the LTV being offered (70%, 75% maybe 80%) will cover the balance on the sellers note. 

I plan to call a bunch tomorrow & stop in with our financial projections sometime this month to see what their terms are.Thanks in advance!