Hi everybody, I have become close with a seller who is looking to sell the rest of his portfolio to me and is willing to work with me on the terms.He will make it so the properties will at least brake even on the cash...

Really hope someone can give clarity or at least share what they did when setting up their structure.

I am looking for any input on how to structure this deal and make both sides feel comfortable with the amounts.

This depends on how the deal is structured and what rights and responsibilities you retain vs what you transfer to your current tenant.

The price doesn't sound abnormal to me for a real tax pro.

OR you can make money when you buy with properly structured financing.

Please be gentle; I'm new at this and it's pretty complex :)Structure / Legal Details- we'd establish market value through a combination of comps from local real estate agent and an appraisal- attorney would establish all required "arms length" aspects including a mortgage at a minimum standard federal rate- LLC would pay us back based on a standard promissory note over 30 yrs Pros of selling to the LLC (I think)- A sale now would be the only time we'd be able to take advantage of the cap gains exclusion on this house bc we won't qualify for the "live there 3 of 5 years" rule due to the timing of our lease and our last time of residence. 

That will determine the amount of effort you put into your business structure.  

@Carini Rochester The code seems clear(ish) but I've built many types of structures including apartments/dormitories/hospital and have never had to fire rate the exterior walls (unless they were within 5' of lot line).  

Area has lots of opportunity for more structures, and saw an opportunity for a less than market priced deal.