You’re in a powerful position right now: combining your passion for real estate with the motivation of building long-term wealth for your loved ones.

Then formulate an offer that supports your cash flow objectives; provides the seller with some cash & seller finances the rest. 

My primary concern is if the property is considered to be in a rural area and the seller only wants to do the seller financing for a couple of years and then you have to refi it with a local bank/credit union.

There is subject to, seller financing, assumable loans, private money lenders, hard money lenders, etc. 

The aspect that the asset used to operate the business can appreciate is xtra credit to the business NOT primary motive. 

Did the Seller tell the Bank about you?

They would respond rarely but I could tell we were progressing but not at a rapid rate.Another lesson: I quickly learned that the banks had very little motivation in the assumption process.

Privacy and avoiding nickel-and-diming are huge guest motivators.

Your purchase agreement with the seller must explicitly state that the contract is assignable.

- Did you have to pay out the seller's equity position or something to get the deal done?