@Gary Parker The seller could have (an almost) correct understanding of the tax treatment, but because we don't know how much of the $92K contract price is depreciation recapture and how much is long term capital gain due to appreciation, we can't really give you a definitive answer.

Looks like a termite treatment or multiple treatments.

J Scott -Ethics is important forchure (for sure).

We just have to be committed in operating and conducting business in an ethical manner and look out for each other.

Book keeping, tax treatments etc are better handled by professionals and at least one consultation with these professionals can always help.

I didn't really feel this was ethical, nor something that fits in with my strategy, but there are people pursuing this setup.

REALTOR is just an organization for a code of ethics you subscribe too.

Usually the most effective treatment that will kill them and their eggs is heat...then the question is what can you and can't you heat treat.

I have the work ethic to dig in and do the research, but...Where do I start?

Matt, do you see your plan as ethical?