Hey Elliott, that’s true, although one can always 1031 into new properties and kick the can further down the road, potentially till you die and never have to realize the tax.  

@Elliott Elkhoury ahh but post my retirement at 25 the journey to ending poverty begins.

@John Elliott Hi John, thanks for sharing your experience.

@Elliott ElkhouryThanks for the answer.

Originally posted by @Elliott Elkhoury:Umbrella policy is probably a solid idea if you're looking for protection.

@Elliott Elkhoury @Paul CastilloHey thank you both for reaching out, My partner and I had acquired a 3/1 sfh built in the 1950s that is all tore up, completely outdated.

@Travis Elliott Where is your park located?

My name is Elliott Kershaw and I am a experienced investor that would like to network, share info and find partners.  

You never know the sellers motivation, what I have found is sellers are not educated enough on owner finance (especially if they have a loan on it) and the idea of it throws them off  Thanks, Elliott. 

This will be a price of cake for you, make sure you learn as much as possible from fear  Once again Elliott beat me to it ;) after awhile buying a house is like checking out at the store, but at first it is scary and that is okay.