This is NOT a deal you should do. get it for 40k less then do it ,Good luck I am learning to treat this deal, which is my first as a business, not emotions attached, thanks

But you have to treat it as such.

I think he's referring to it as treating the income as capital gains instead of ordinary income.

So he proposed an idea I've not heard before which was raising capital from investors and having your investors be treated as 2nd position lenders.

If anyone wants to meet up for coffee, discuss real estate, talk about BiggerPockets and tell me how to improve it, and is willing to come to the Highlands Ranch area, I'd love to meet up and will treat you to coffee/breakfast.

I agree with @Steve Haag So John how is the community treating you?

This is why I like treating each part -- investment and primary residence -- as a distinct purchase even if there's only one closing and one contract. 

By conducting a comprehensive inspection and treating the transaction with the same care and attention as any other, I ensured that my interests were fully protected which gave me a peace of mind.What was the outcome?

Get that treated asap.

Someone from the company should perform a site visit of the property to do a thorough analysis and ensure eligible components are identified accurately.Licensure and experience: The firm should have licensed tax specialists and engineers and this is recommended by the IRS.Experience with your specific type of property: Not every property is treated the same whether it be office buildings, self-storage, restaurants, gas stations, mobile home parks, residential properties, multi-family, or car washes.