However, if your business owns real estate, that portion of the sale may qualify for a 1031 exchange, allowing you to defer capital gains taxes by reinvesting in another like-kind property.

Please seek guidance from a qualified eviction attorney or legal professional to handle this situation properly.Hope this helps, and best of luck resolving the matter!

Im basically looking for advice on how i can save as much on taxes as possible.Part of the property is your primary residence, which does not qualify for 1031 Exchange treatment.

With a properly written and qualified wrap note the seller of the property (that is the holder of the wrap note) still has an interest and an asset they can sell.

Capital gains are calculated as:Sale Price - (Original Purchase Price + Capital Improvements + Selling Costs) - depreciation (if applicable) = Capital GainYour mortgage or HELOC balance does not affect this calculation—it only determines how much cash you take home after the sale.In Massachusetts, if the home was your primary residence for at least 2 out of the last 5 years, you may qualify for the Section 121 Exclusion, allowing you to exclude up to $250,000 (single) or $500,000 (married filing jointly) of the gain from federal capital gains tax.

For these, costs tend to double across the board, especially for older buildings.

If you are not planning to live in the property, then you are not going to qualify for an FHA loan.

If it's a DSCR loan, you could get up to 80% LTV if the property qualifies.

You can find qualified buyers that are small business owners, tradesmen, etc just have someone qualified to do prop underwriting be fore you sign the agreement. 

FHA usually is a lot more stringent when it comes to repairs needed and the seller has to make these remedies or the buyer won't qualify for financing.