That documentation will indicate your true role.

The Commerce Department reported this week that permits for single-family housing starts dropped to a five-month low, indicating a slowdown in future construction as well.Spring Thaw?

@Ryan RuncheyThe bookkeeping for this specific property will likely be difficult.This appears to be a househack as you purchased a personal residence but also have roommates to help with the rent.As a result, a portion of the expenses as they relate to the house are personal in nature and non-deductible.Items such as real estate taxes, mortgage interest, etc are all pro-rated.On-top of that you are doing the BRRRR which indicates that there is rehab involved.Portions of a rehab are currently deductible, capitalized or non-deductibleCurrently deductible - payment for an area of the home that is a tenant area.

If they are asking for a discounted rate, more than a LTR but less than your going rate, that seems to be a better indication they are real people.

I see B2  indicating bankruptcy  in their credit report as recently as April 2024.

Just because you don't call it "interest" doesn't mean it's an interest-free purchase.If they are incapable of getting financing through a bank, that indicates they are high-risk.

I indicated that would not be a problem.

At the moment, have plenty of financial glide path, so don't need the equity of the current Investment prop, but had planned to owner finance (extra monthly income flow @7%, fluff... more income not required to eat, clothe, house. ).1) Cursory look indicates 30% max AGI can be deducted if deferred to Charity.

Did the pest control person seem to indicate an infestation? 

you have an experienced team... he does not =) Just because there low priced does not always indicate the prop needs a big reno.