(All rough estimates based off comparable properties in the area... and coming from a newbie, myself... so might be less.)THE ISSUEMy father owns the duplex outright with no outstanding mortgage or liens from taxes. 

On August 13, 2021 (45 days after this law was enacted) a landlord may terminate or not renew a lease for those with outstanding rent who are ineligible for a COVID-19 emergency rental assistance program (such as RentHelpMN.org or the Zero Balance Project).On October 12, 2021 (105 days after this law was enacted): a landlord can end a lease for any legal reason, with the appropriate written notice if required in the lease, or the written notice required under MN Stat. 504B.135 (tenancy at will).

I have a ton of pre-foreclosures in my area, but upon screening the court files, it appears the debt outstanding is right around the ARV or market value of some of these properties.

On paper, the Houston property looked outstanding.

I know this is 4 months old, but the deposit it to cover damages and outstanding rent. 

.$575 to him to pay down the debt ($338k - Outstanding Mortgage $96k = $242k our debt to him - $575/mo)I'm wondering are there any other ideas on how we can minimize our payments or our future capital gains taxes that we'd pay when purchasing a property from a family member? 

Problem is, you hold the debt long enough that the interest rate eats up any of the rewards and you end up using those points to hack at the outstanding balance.It's all an equation.

They get the payoff amount you still owe plus any outstanding interest etc. 

This is just a simple form that states "Deposit is $X" and "Monthly Rent is $X" and "There is no outstanding balance owed".

I'm a 22 year old college athlete, located in the Charlotte, Metro area and have been attending as many REIA's as possible and have met so many outstanding professionals.