Full disclosure, I picked this one because at the time I was able to make a small crowdfunding investment in the company for reduced fees, so I'm only 99.99% a disinterested party.

FWIW, we are on a financing plan through a 3rd-party company that the concrete company connected us with.

I presently receive $0 from any utility company, vending company, or other third party.

-Marital home transferred between spouses and the only consideration is a mortgage or other lien encumbering the property -Marital home transferred between former spouses pursuant to a divorce decree (Rule 12B-4.013(27), Florida Administrative Code) -Property transferred to or from a trust with no beneficial ownership change (Rule 12B-4.013(28), Florida Administrative Code) -Gift of property which is not subject to a mortgage -Document is exempt or all parties to the document are exempt (please explain under “Other” below)-Other – Specify

The refinance part is where I get tripped up - estimating an accurate ARV is where I would struggle, the calculator pointed out lenders would typically lend 70% of ARV, so that was 70% of the ARV.

This kind of seller financing is very niche and misunderstood so yes I would advise an attorney or 3rd party to draft it up.

This way you have an independent party verifying exactly what is going on at your investment property.

It will be our first deal with a third party and want to make sure we are set up properly.

This Letter of Intent is intended as an outline of the general provisions of a Purchase and Sale Agreement and further intended to facilitate further negotiations that will lead to a mutually acceptable Purchase and Sale Agreement that will be executed by all parties concerned.

@Justin Anderson The point about parties is excellent.