Posted by Reif on May 13, 1999 at 11:49:38:
We need just a couple of more pieces of info . . .
What are fair market rents for the house, i.e., what could you turn around and rent it for to your tenant buyer?
Second, you need to be sure there is no up front option money required (I’d ask the tenants that are moving out, not the seller).
After you know these things (and you’ve confirmed the real value is $65,000) then we can help you with your numbers.
The big thing is what are the market rents.