At this point you are no longer selling the property (which was sold under the land contract) but rather you are selling a future income stream.

Thanks for reviving this topic, and giving me a few more ideas on potential deals/income streams.

With 49 units if it was a decent area and all in one to two locations you could probably get 6 to 7%.If it's spread out more look for 7% to 8% but should be able to do better than 10% unless these are in a war zone requiring constant supervision.

There are discounted notes , performing notes, non-performing, etc.Some buy just for the stream of income and others want the payoff on the back end and others want a little bit of both.Your capacity and capital to start with will determine what kind of notes to go after. if you have limited capital and only buy a few notes a year you will not be looking at a bunch of bulk stuff because usually they banks will not let people cherry pick and you have to take the good with the bad and average it out so that in the end you come put ahead.

Cash flow, tax write off, income stream once you hit retirement??

You'll also have higher constants because the amortization periods are likely to be shorter.

The two leased properties are leased and stable (5 years/5 year option) and the business the owner is running is a cash cow with a steady stream of customers and room to be improved and grown.

What Michael and James said -1) condos have far less surprises entailed in them2) do the numbers3) research the HOAWe and our clients invest almost exclusively in condos, following the three rules above (and a few others), constantly providing 9-15% pre-tax, RELIABLE returns.

My goal is to have a passive or semi-passive income stream for life, and I am risk averse.

Brandon had a good suggestion for sure.As always networking with other professionals and being a contribution to the community will help you get into the stream of possibilities.Best of success to you.p.s.