.: Thanks everyone for insight.

Any insights or advice would be greatly appreciated!

Engage with property managers for insights on rents, expenses, or off-market opportunities, and request financial documents like rent rolls and profit/loss statements from sellers’ agents as part of due diligence.

Also, the owner expressed concerns over the capital gains tax early in the discussion...so I am thinking the opportunity to do vendor financing will help me get a good purchase price and help the vendor with taxes.  

Thanks so much for any insights you can share.

We did live in the house for 2 of the last 5 years, so we wouldn't have to pay capital gains tax.

As a thank you for your time and insights, I’d like to offer you the first 6 months for free once we launch.

I believe you were right he would inherit your cost basis, so he would owe capital gains.

@Mindy RosscupThe knowledge you gain by studying and taking the test to become a RE agent.

For the 20% down, it’d lower your mortgage and eliminate PMI, but buying now could help you start building equity and gaining appreciation.