Here's how a seeming tax disaster turned into a strategic triumph.Picture this: You're sitting with your CPA, reviewing the sale of your residential rental property.

I will definitely take you up on the chance to chat more in the future.

Selling the Wrap Note is not a good solution to solving a Due On Sale.

Consult with an attorney to provide a purchase and sale agreement in your respective state with an assignment exhibit included. 

Purchase price: $275,000 Cash invested: $294,000 Sale price: $355,000 Seller was behind on pay HOA payments and in risk for losing the property.

Death, divorce, fire, home sale, floods,layoffs, etc.

Do this quickly because some counties have a time limit on when you can appeal.I recommend you research the market for:- Comparable Property Sales- Condition of your property, including anything that may affect your property's value- If you are really serious, an expert appraisal may be worth the effort.

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

there is no bank, no mortgage, and therefore no due on sale clause.if there is a mortgage in place, and you take the payments over, this is typically referred to as subject-to or sub2 and is much higher risk for everyone involved.

Judges also postpone sale dates for buyers with financing, so cash is likely not necessary to get the date moved.