Hi Chris, if I understand the transaction it sounds like you will receive a 1099-S for the full amount.

However, they will not allow you to live in the property at all, full stop. 

When I attempted to do a similar flip in another county in Texas, where I was unfamiliar with the nuances of the area, my “slam dunk” deal ended up as a $40k loss!. 

I personally don't know of their group but figured id link that article since i remember reading it and the name clicked. 

Read "Long-Distance Real Estate Investing" by David Greene for starters.

You should have a conversation with them to understand what the situation was.

Every where you turn there are STRs going up on the market fully furnished because they couldn't pay the mortgage and bills with the rental income. 

Are they a start-up, do they have any operational, how do they do at it, etc etc.. 

We walked through a property that we went into thinking we were not going to like it and we ended up loving it and jumping on it pretty quickly after because the seller was getting other cash offers and the price/location/set-up of the property just fit our situation well. 

The housing market never ceases to surprise us. December marked a big moment: for the first time since mid-2022, home prices increased year-over-year in all 50 of the largest U.S. metro areas. Yep, every single one.
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