NOI: $78,371 ($6,531/m)Cap rate: 3.4% GRM 19.4-Seller is "motivated" and has offered seller financing with two Scenarios:Option one: $2.3M Selling Price$390K down (17%)Balance of $1.9M at 1% interest w/ a 30 yr Amort. w/ a 5 year call (30/5) in the first year ($6,140/mo. plus taxes & insurance.)Then 2% interest w/ a 30/4 ($7,056/mo + T&I)Then 3% interest w/ a 30/3 ($8,048/mo + T&I)Then 4% interest w/ a 30/2 ($9,114/mo+T&I)Then 5% interest w/ a 30/1 ($10,248/mo +T&I)At the end of the five years, the owner would the option to refinance the property with a loan institution of their choice, or negotiate another 5 years with seller at a renegotiated interest rate.  

My investor interest rates are not lowered than many recent rates because the lending institutions realize the Corona risk in rentals.  2) All this printing of money may result in higher inflation.  

I think any "institutional" investor would say to create the liability shield but if its your first deal likely your not protecting billions of assets the choice is yours what you think is appropriate.

This article should help with picking comps: https://www.biggerpockets.com/blog/real-estate-compsThis one should help with analyzing a neighborhood: https://www.biggerpockets.com/blog/7-ways-discover-neighborhood-coming

We can’t force trades and we’re always at the mercy of institutional traders with all insider info. 😭 I still trade but on longer timeframes.

Check out https://bullpenre.com you can hire top notch institutional quality real estate analysts by the project.

Think about dealing with the cable company, a big banking institution, or government.

Before I discovered BP, lol. 

This was discovered last Thursday when they had a small flood in the laundry room.

Here's the formula as I've learned it firsthand:people crammed in because you told them it "sleeps" n  X  1.25 people in there_________________________________________________________________________                   =       MUCH Less Profitthe dollar value you have to spend on replacing your beat-to-hell furniture et alNot very scientific, I know, but let them discover the couch beds and futons and inflatable mattresses (or whatever else you have stashed there for unexpected guests) themselves.