Next time you are in Des Moines let me know, we can grab a coffee and share some stories!

Plus, it will give you a chance to dive deep into whether or not this kind of deal could have been good even if you had bought it outright with no owner financing.In summary, I want to know numbers on...1) Market value today based on nearby comparable sales, not Zillow or the County Assessor's office. 

We will be pre-screening future potential tenants via a Google Form, an idea we found here on the forums and have already put into action.The potential tenants are a younger couple, are "very interested" in the unit, applied to our listing on Cozy within an hour of viewing the unit and each purchased the credit & background checks as well.The couple currently live separately from one another and they're now looking for a place together.Brief background on the girl:- Non-smoker- Monthly income meets the 3x rent requirement- Background check looks clean (SSN Trace, Civil, Sex Offender, Global Watchlist, National - all are Clear)- Credit score meets the 620 requirement- Credit report looks okay with the majority of her lines of credit showing as currentBrief background on the guy:- Non-smoker- Currently unemployed due to the coronavirus situation- Background check looks clean (SSN Trace, Civil, Sex Offender, Global Watchlist, National - all are Clear)- Credit score does not meet the 620 requirement- Credit report looks horrible (no lines of credit are current, and plenty are in collections)Our thoughts & concerns at this point, and I'm trying to place weight on those where we should and lessen the weight where we shouldn't:-The girl seems to be friendly & polite, her parent's live nearby, and her credit/background checks indicate that she's relatively financially responsible.

You can tell them that there are two options: option one, "I have found another apartment nearby that has a vacancy.

The ARV is not a product of how much you put in, it's a product of how much you can sell it for which is directly associated to sold comps in the nearby area that match the home you are selling.

We have a nearby town home complex that rents out pretty much the same identical units for $1,750 a month..

You can expand your search to include similar nearby areas and also to look further back in time.

The nearby houses are valued at 250-300k.

Getting the town/city to change the zoning would be a very difficult challenge, unless you have nearby properties with multifamily/business zoning. 

Look a vacant lot nearby, and figure the amount to frame to that spot, then start working backwards because of age.