When purchasing your mother-in-law's house through seller financing, since the property qualifies as her primary residence, she should be able to exclude up to $250,000 of gains ($500,000 if married) from taxable income, so capital gains taxes are unlikely to be an issue given the sale price is below the tax basis.2.

Here’s how I would approach your situation:If you’re in the early stages of buying, you'll likely need to take the vacant unit due to existing lease agreements and oregon laws.

I am in law enforcement and looking for a way out after I lock in my retirement and hazard pay.

Anything renting for more than 30 days at a time is considered a long-term rental by law.

It reduces risk by having them know the laws which are extensive (down to needing a compliant monthly statement) etc.The other component is no chance I could do it for that price either.

The state tenant/landlord laws, while not as favorable as a Texas/Florida etc state, are not as bad as people make it out to be.

Know and obey the law.

Notice per law was posted on his door 7 days ago and it was photographed on his door after knocking per law. 

Check your state laws as I'm more familiar with New York.

In the SF bay area in most counties its the law and they ahve to be replaced when the homes are being sold..