It will be an excellent payday.

Tackleberry and JWorley have excellent advice as well, but I did not have the money starting out and some could argue that I should have waited, but I was hungry enough to make it work.

I also read that Missouri is an excellent area to do this.

Excellent that your property is right near an exit/entrance!

I thought, wow, I should really incorporate those into my leases, as they are excellent proof and can avoid a "he said, she said" situation.

There are many critical legal issues to consider and address BEFORE you sign.Andy Argonaut has an excellent addition with option #2: Adding a substitution of collateral clause.

You all gave me excellent things to think about, especially regarding markets here in Tacoma.  

I'm looking for an Excel model with GPLP split with a Pref return using an IRR hurdle, return of capital, followed by X% of LP share of cash flows all to GP to catch them up to 20% of the Profits.  

They are excellent books and very motivational.

In my area in exchange for seller financing, seller usually gets 10-25% down and +1 to +3 percent to the going rate, so your down / rate are excellent.5.