Is it a legal 3-family on the city card?

Monthly debt service at 7% interest.

What no one is talking about it the amount of debt families are carrying right now.  

Instead, you checked out through Stripe with a VISA card ending in 1372 (expired).

Its caused him to go in to extreme debt and he just needs to get this handled. 

Tell buyer, 1) I don’t have funds required to close. 2) you can raise your offer to the amount needed to pay off both debts or walk away. 3) it’s going to auction in 2 months.

Taking bonus depreciation early is a tax deferral, not a tax savings.Recapture is real and debt must be repaid!

The seller will have reduced debt capacity because the existing note is still calculated as a debt - they MAY be able to include an offset equal to the buyer payments after a period of time, BUT often the seller is surprised to find they can not qualify to purchase another property3.

Lesson I learned was finding a good tenant and getting the prospective tenants fully vetted with their income and debt to make sure they can afford my rent.

It also allows you to grab debt from bank easier since there is more revenue and expenses going through this compiled LLC vs. each individual LLC.