You could also explain that keeping more liquidity helps you address any potential issues quickly, which benefits both parties.

Has there been a third-party appraisal done on the property or has Huntington given you what they estimate the value to be?

However, as you mentioned, there is people for that who will more than likely save you money when you consider the time involved.

@Rud Sev Your Section 1231 losses from the sale of rental properties were likely correctly reported on Form 4797 (Part I) as ordinary losses, allowing them to offset all types of income.

So getting one involved now and sooner rather than later is a great move on your part.

Proper structuring with professional guidance is key to achieving both parties' goals.This post does not create a CPA-Client relationship.

They do offer linked accounts, so maybe I'll go with a 3rd party bank that I can trust.I appreciate this concern, as we’re also looking to move to a bank that allows for multiple account to use David Richter’s Profit First method.

I would follow all of his free stuff before you buy anything and realize that when you pay for something, you want there to be others paying for it that you can be involved with in real life because that is where the magic and long-term relationships happen.

My understanding is that the buyer assuming the loan has to meet the same credit/underwriting criteria as the original borrower, but this is not my area of expertise - lenders are typically not involved in assumptions.

Something to note is that you and your immediate family be able to use these properties personally in any way and you should have a 3rd party property manager.