I hope the contingency period goes smoothly for you.

Usually, it's a 90-day cancelation period.

This commercial objective will be capital gains but with longer hold periods, with income secondary.

Judge said: “However, an activity that involves the use of tangible property is not a rental activity if "[t]he average period of customer use for such property is seven days or less" in a taxable year (short-term rental).

What terms would make sense given the short period and current climate?

Structuring the Deal:**When negotiating seller financing, you'll need to agree on several key terms, including the purchase price, down payment (if any), interest rate, repayment period, and any other relevant terms like balloon payments or prepayment penalties.

.), but they should be able to give you an idea of general terms (interest rate, amortization, fixed period, etc..) with some basic information.

Most lenders have seasoning requirements, so you would need to own the property for 12 months to obtain a loan based on appraisal rather than lower of appraisal or purchase price.The longer the period of since property purchase the more likely an appraisal higher than purchase price.The exception may be a "hot" market where prices are moving up sharply almost every day. 

A little factoid, Irvington is the original home of Butler University and was the home (For a short period of time) to one of the nations first serial killers.

Those tax returns are due by June 15th of each year and you should consult with your tax professional.W-8ECI Form remains in effect for a period starting on the date the form is signed and ending on the last day of the third succeeding calendar year, unless a change in circumstances makes any of the information on the form incorrect.