Definitely consult with your attorney, if you have one.  

So I'd say the seller(s) should consult with an attorney or accountant, but it's possible they may owe much less than 15% or nothing.Also as Account Closed said, seller financing is also often attractive to people who are concerned about taking a big tax hit in one year - instead it's "pay small amounts as you go, over time as you receive the money" and is great for a number of reasons (no or a favorable interest rate for you, no bank BS, build long-term relationships and credibility with future sellers, possibility to discount in future with a payoff offer, etc.).It's worth having in your mental toolbox even if you don't use it on this deal.

(Consult a closing attorney)Does the condo prove to be a worthwhile investment? 

Do you have an attorney to consult before you pull the trigger?

By the way RR, I have done legal research for more than a dozen law firms as a consultant, have done research for environmental non-profits across the United States, and advise 35 countries on legislation.

Were in the process of obtaining a couple consultants or 'mentors' and we are currently looking to go to a REI club meeting.  

Consult a CPA, but I would think you can write it off? 

I have been consulting people and governments for years on financial matters and legislation.

The situation: Recently moved back to where I was born and raised (Vallejo, CA/Bay Area) and after several interviews I'm needing to decide between a few job offers:1-Enterprise Rent-A-Car (Mgmt Trainee)2-Sequoia Equities (Apt Leasing Consultant)3-Redfin (Sales support)The dilemma: I do have an interest in REI, would love to be able to coordinate some flips as well as delve into buy and hold Multifamily opportunities (which is where prop mgmt comes into play).

Waggoner Ranch in north Texas, representatives of the sale announced Tuesday.The historic property, considered the largest U.S. ranch behind one fence, had been on the market for 18 months at an asking price of $725 million.Terms of the potential sale were not disclosed, according to a news release from Perry Street Communications, a Dallas consulting firm."