Kroaler, I didn't just join to try and do this deal. I did find it while looking for hard money lenders, but I thought it'd be a good forum because I've always wanted to get into real estate investing - I don't get why everyone thinks this is some crazy scam or something, rent-to-own is pretty common.
I'd pay title fees as part of closing costs. I don't see why you'd need a lawyer to see if buying a property or renting it was legal, but we would need to write up a contract, that we would both probably want to have a lawyer look at. Not sure what your attorney charges, but I'm thinking around $300 for each of us?
I thought about having the property appraised, but I honestly don't know much about commercial property appraisals. I guess I was hoping the 25k was low enough that someone interested could just look at the property and agree to it being worth that much.
The property is in my name, so if anyone is serious about possibly doing this deal, they can view it, view the purchase history, ect - I'd maybe even be open to paying for the appraisal, as long I knew if the appraisal came in over 25k they would move forward.
And I'm not "begging for the money", I'm just trying to get the deal done. I'm offering to pay $11,000 and put up my $50,000 building.
It honestly feels like, because I made the deal good, people are leary of it. Even you said, "It is a HIGH risk deal, evident by the high interest rate your are willing to pay." The interest rate is just high to attract an investor, because it's worth the extra money to me to keep the building. If I made the interest rate 7%, it wouldn't make the deal "low risk", it would just make it less profitable.