I'd be happy to make connections over similar goals, and to learn about tax info for DC, great spots to buy, and trends for rentals.

We put together a purchase price, interest rate, insurance cost, and property taxes. 

And 54% of the basis would be allocated to the 200K house.You'll have a small tax bill on the difference between your sale and purchase prices.  

To markets where you’ll gain long term tax free wealth. 

Say Income tax rate is 25%. 

This will help attract more business to the state, keep it coming! 

if it is unsecured loan that is the consequence, you lose they entire thing. as far as tax write off, sorry but none.

i would speak to your cpa, as you may be able to get all or most of the gains tax free if they lives in it two of the last 5 years. vs what you can get if you rent it outof course consult with your cpa for tax advise

Quote from @NA Ludkey: @Jaycee Greene  No he is not a dependent on our tax return any longer. 

The tax paid from your lending proceeds should be the equivalent of your tax rate I would think.