You pay income tax on both.Plus, it's an area where the IRS is very audit sensitive.

Worst case you pitch a wrap around seller financing deal but safeguard yourself because if he files bankruptcy in the future you need language that protects your interests.

I'm highly open to any criticism constructive or otherwise, I'm not sensitive and can find value in even the "roughest" of responses.

You can't start too soon in establishing security safeguards - including filing for an LLC.  

I also plan on adding a way to run scenarios so you can see impact and sensitivity 

@Vlad Denisov focus on cashflow and do a good sensitivity on vacancy rates and you’ll be fine regardless of the broader market.

How will they safeguard my information? 

If you have a moment, I'd love some advice, and this is time sensitive. 

By locking in our funding we can eliminate one source of potential distress and we can also 'fix' one of our major expenses by locking in the financing rate 7.Increase your cash position – there will be opportunities to buy distressed assets from people who were not prepared, but you will need cash 8.Reduce Leverage – leverage can be used to provide higher cash on cash returns however along with leverage comes greater sensitivity to any loss of income.

I agree that this is sensitive business.