When you're working directly with regular people, all the terms are negotiable.  

Again, the bank sells loans, not houses.What ends up happening is that people regularly use the bank appraisal for the appraisal contingency in the sales contract.

So it is basically the equivalent of paying cash for the property (similar to a down payment, I suppose, which doesn't seem bad when you look at it that way).But it will take a long while for this property to "break even": only when the balance of the loan falls to about 16,600 does the 250 rent income after expenses cover it fully.

The tenant wants to break the lease early (6 months before lease termination).

regular financing How did you add value to the deal?

Do it regularly.  

@Anthony Wick the seller said I could do a buy out 10 year buy out at a small premium if I was interested.... looking at this and breaking it down it seems to me I would be taking a hit on the two duplexes that would be under a land contract and would be making up for it with the ones financed conventionally.....  

I gave him a bit of a break on the rent being that he’s family n he pays faithfully.

Rehab work was fast and thorough and the communication throughout the process was excellent...regular picture updates and videos, etc.

I also never charged tenants for breaking them.I recently put in my first set of non-corded ones, last November.