There is a big difference in how those are handled  HAHA I just saw a post and commented where the person wanted to ask if they should overpay for a home because they can get is seller financing.

Thank you January for these comments.

Thanks all for the replies, suggestions and comments.

I wanted to solicit some background info before reaching out to my accountant and she advised similar to your comments. 

Any advice, recommendations, or comments are more than welcome!

Later I might read The Book on Rental Property Investing by Brandon Turner, but I need to be wary of succumbing to analysis paralysis.Any advice/comments regarding my focus on condos would be greatly appreciated.Thanks much,Daniel

Based on the comments received thus far I think it's prob make the most sense to hold on to the note.

The other is Rick H (https://www.biggerpockets.com/users/rtpg1) he's also commented on quite a few title issue/ AP/messy deal threads over the years and has quite a bit of experience. 

Point is the above comments there are many other more effective ways to meet the FINCEN stated objectives for tax evasion, money laundering and terrorism.   

@Jason Malabute: Thanks for you time and comments I appreciate it, this being my first year with rentals may have future questions, have great day