They have a 3.3 on Google Reviews with their only criticism being the customer service.I met with the owner of the franchise and proposed that he incentivise his employees by giving everyone on the payroll (down to the dishwasher) a $2 bonus on their paycheck for every 5 star review they get.

You're getting rent on time and with a bonus.

When I am knocking on doors, I plan to ask the neighbors to let me know when they hear of a neighbor that is looking to sell, to let me know first and I can give them a $250 bonus for giving me the lead, and put $750 toward the local park.

Im assuming that I should-fill cracks with high strength cement and flatten out to match rest of all as best as possible. 

I would definitely ask what their investment strategy is and see if it matches yours.  

They get a fair-ish rate of return with they added kicker of seeing how the sausage is made. 10% is on the lower side for a second position loan, particularity since it looks like you are cross-collateralized, but then again they get a unique educational bonus, which is hard to put a price on. 

Bonus Question: Do you require your tenants to get their own renter insurance policy?

Was browsing the BP marketplace listings and came across this https://www.biggerpockets.com/real-estate-listings/2-family-turn-key-rental-property-seller-financeThat's nearly 5% cash flow and the rents don't seem to match up with the Rochester market.

@Wendy Lacey - My $0.02 is that you'll be required to take title in your personal name matching the name on the loan for the vast majority (if not all) Banks and Traditional Mortgage Lenders.

After W2ing themselves, they both have another $100k sitting there.Sally gives herself a nice "shareholder distribution" (recall, she owns 100% of the shares) as a Christmas bonus to herself of $80k, leaving $20k in the business for operating expenses going into the new year on December 24th.Johnny decides to leave the funds "in the business," for "future investments."