While the $135K note qualifies for section 453 installment sale treatment with the gain spread out during the payment period. 1) Is my understanding of this transaction correct?

Hello Everyone,I'm looking for some insight into real estate installment contracts. 

Plus if they are then responsible to fix any mistakes in the order.I like installing my own cabinets, so buy RTA (ready to assemble).

Based on your description I'd suggest starting by reading the book: Who Not How https://a.co/d/eLZv7lFI think we all start off more DIY and getting our hands dirty.

The bank reneged on funding the last part of the loan which would have funded completion of our septic system/grease trap installation thus allowing us to open our on site bar/restaurant & expand the RV park. 

Installment plans don’t work.  

But before you jump in, think about the upfront costs, like buying and installing the system and maybe making changes to ducts.

A wire shelf is cheap and easy to install. I

The first fee paid is an installment to leasing broker with more over time.

The house I purchased is in decent shape on the interior as far as lead, nothing I can’t DIY.