@Max Biggar- thanks Max, I hope everything goes smooth with your first deal!

Hi all, I'm Max. I

Again, to best of my knowledge, it only triggers a need to file a gift tax return so IRS can deduct that gift amount from his allowable lifetime max (is around 5 million I believe?)

I am not flipping or rehabbing the property so I wouldn't know the ARV; I suspect max is 300,000 given the area.

If you say: “I’m starting at $50K because the max I can do the deal at is $53K” and that’s derived from a pro-forma it might be another story.

Just trying to find a good structure as they are looking at 3 years max, is there a way to make the contact for 4-5% amortize over 15 years, but still have a 3 year max term? 

Id offer about 200k down and carry a  $700,000 note maxI wouldnt really go higher than that based off of what Ive readPaying 1.48mil is too much unless theyre asking for 0% down payment which I doubt they willLook to make a killing, not the other way around

I also have photos of each smaller scratch which I didn't charge for so I know what was there before-as a landlord I've accepted I'll probably have to touch them up (not fully redo) every 7 years or so.Also, Max is correct.

For the sake of ease, let's say that max is $1000.

@Christine Swaidan yes you would priests just like you do carpet.