We need a lot more information to determine if you are or are not responsible

This is the outline for the contract that was signed:I, "SELLER", of BLANK Financial (the seller) am the owner of the property located in Pend Oreille County (assessors parcel number: BLANK).Said property is being sold via contract (the contract) to BLANK (the borrower) with a closing date that has yet to be determined.

Very difficult to determine pricing without seeing it. 

@Joshua Roat Great mentality, just need to keep up that action side of things.Good luck

If the lease allows a new owner to terminate the lease with 90 days notice, it has to be determined what is the easier/cheaper option.  

You CPA will have to determine the taxable implications from the “note” verses a “cash” pay off until the note is paid off. 

In both cases, syndication would be needed with a securities attorney.Here is the list of promissory notes recognized by the Supreme Court as NOT being securities is a compilation of nearly random examples:Notes delivered in consumer financing.Notes secured by a mortgage on a home.Short-term notes secured by a lien on a small business or some of its assets.Notes evidencing a “character” loan to a bank customer.Short-term notes secured by an assignment of accounts receivable.Notes that formalize an open-account indebtedness incurred in the ordinary course of business.Notes given in connection with loans by a commercial bank to a business for current operations.And the determining factors for how a court will judge it to be a security or not are :Whether the borrower’s motivation is to raise money for general business use, and whether the lender’s motivation is to make a profit, including interest.Whether the borrower’s plan of distribution of the note(s) resembles the plan of distribution of a security.Whether the investing public reasonably expects that the note is a security.Whether there is a regulatory scheme that protects the investor other than the securities laws (e.g., notes subject to certain banking regulations).Again, consult an attorney.

You need to see what other similar properties are selling for and that will pretty much determine your numbers.

How did you determine your rent income/occupancy rate?

How did you determine your rent income/occupancy rate?