Investment Info:Small multi-family (2-4 units) buy & hold investment.

My inclination is to suggest paying back the PML 70% of the land proceeds (presumably $168K) at that closing and then hold the remaining loan until I sell the house. 

Otherwise the hold up of the sale and going back-and-forth we wanted to avoid.Because it’s now on the closing statement, are these a deductible repair expense like it would have been had it been before closing that would normally just be under schedule E as a repair expense.Cheers.Since the seller credit is now part of the closing statement, it’s generally treated as an adjustment to the purchase price rather than a direct repair expense.

@Eric Smith A 1031 exchange with a related party is possible but comes with strict IRS scrutiny and holding period requirements.

Are you leaning toward a specific strategy like buy-and-holds, flips, or house hacking?

While I don't expect another 2008 size wave, I do see a large hold back of inventory coming to market. 

The higher initial cash flow market will in general have worse cash flow over a long hold than more expensive markets.  

// Shared Ownership, Different Rules TIC Owners: Hold fractional shares of the entire property, but no one owns a specific unit outright.

If the market continues to appreciate, holding the property could yield more long-term equity gains.

Hold onto that bad boy for 5+ years and you will be seriously thanking yourself down the road.