As we're building our acquisition pipeline, one thing we've been debating internally is how much seller financing truly changes a deal from an investor's perspective. Our target is established businesses in the $3M–$10M enterprise value range with strong cash flow and experienced management teams. Whenever possible, we try to structure deals with meaningful seller participation because we believe it aligns incentives and reduces transition risk. For those who regularly invest alongside acquisition entrepreneurs or independent sponsors: At what point does seller financing become a meaningful positive? Does 20–30% move the needle, or do you really want to see 40–50%+? Would you accept a slightly lower return if the seller remained financially invested in the business? I'd be interested to hear how investors think about this when evaluating acquisition opportunities.