Meanwhile someone else with a real offer and a buyer's agent who knows what they're actually doing get's the property locked up. 

The only thing I don't like about most of this money is that it's locked up until I hit 59.5 years old but I will be happy it's there to help supplement our rental income. 

Does anyone know a formula to ensure you lock up the property at the right price to ensure the cash buyer gets the desired outcome of 10% ROI?

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

It's better to just not have a stove in there -- the triggering offense for most city code violations -- and do a coffee bar, etc.

[3] Will buying the 1st loan trigger a foreclosure by a 2nd note holder, meaning will I need to pay off both 1st and 2nd to assume ownership; would this differ by state such as Texas or California or Florida (???)

Have you already locked in the acquisition/horizontal/vertical financing piece?

We were able to get it locked up and assigned with the tenant in place What was the outcome?

He can't lock it up for 3 years or take a chance that it does down 20%, inflation notwithstanding.

@Cyndi Hong your lender will advise you on what’s best also, let them know your plan to transfer it because you don’t want to move it to an LLC and trigger your alienation or due on sale clause if you have one.