Those two things turn some folks off, but if the numbers work, they work. 

You’re not going to find a safe way to do what you want unless you or the “buyer” has enough cash to pay off the note. 

This was months ago and family member has lawyered up to see what’s going on we did continue working until we ran out of credit card figuring once the money is released we could just pay off the cards but the money is still on hold Back in October we decided that money does not exist and started applying for hard money loan/speaking to lenders and have gotten nowhere.

I paid off about 10 of them for them and took them over as those had enough equity to make it worth my time.

To piggyback off what Ashish said, the limits are. 

If you pay off a property or owe more than it’s worth, you can still owe or not owe capital gains tax.

If you ever want to get together for coffee and bounce ideas off of each other from one newbie to another, let me know!  

It takes getting off the road everyone else is driving (the MLS) and putting some work into it.

The goal is to complete renovation within 6 months in between guests and then refinance in the next 1-2yrs to pay off the seller in full!

what would you think of a 14,600sqft 3 unit property in sailboat bend, off market, that is RMM25 zoned and has a nice single family and duplex behind it, half of the lot if empty so it can be developed or RV/trailer parking, for $1.1M?