And the GP got cash, and low reported gain.  

We're currently living in Idaho so attendance will be difficult in the near future but we'll have to plan a trip to Sac or make sure to attend a meeting when we move! 

We want to plan in the most tax vantaged ways (which includes keeping future AGI as low as possible) and open to new-age and creative concepts.Respectfully ask to keep discussion to topic vs. selling one's self or services seeking new business.

I currently own (and property manages) one investment property (2 family rental).

Where are you currently at in the process?

There's currently a website set up to get information from customers that have had this contract "sleight of hand" done to them. 

Many lenders are also a bit hesitant with the current market for 5+ units. 

@Jonathan Greene and @Nathan Gesner, you both illuded to sharing more about my current financial situation and background.

Focus on smaller single-family homes, condos with low HOA fees, or multi-family properties in these regions, and build a reliable local team of agents, property managers, and other professionals to ensure a smooth investing experience.

So happy for this young man and his young family.One of my bizz partners years ago and mentor.. ( he was President of a fortune 500 company) we belonged to the same country club in Napa.. him in his mansion on the Hill me on my house down in the low lands..