This section asks you to list all properties you currently own and what you owe on them.and includes a full page of boxes to fill in such as Property ValueStatus: Sold, Pending Sale, or RetainedIntended Occupancy: Investment, Primary Residence, Second Home, OtherMonthly Insurance, Taxes,Association Dues, etc. if not included in Monthly Mortgage PaymentFor 2-4 Unit Primary or Investment PropertyMonthly Rental IncomeCreditor Name Account NumberMonthly MortgagePayment Unpaid Balance To be paid off at or before closingType: FHA, VA, Conventional, USDA-RD, OtherCredit Limit (if applicable)It doesn't specifically ask who's name the loan is in.

You would have had to be there for at least that to save on the capital gains taxes (up to 250k). 

NJ has the highest taxes per capita in the country so high taxes are expected especially in Northern NJ.

If you do place the property in her name, you've got a Gift Tax (Form 709) to complete. 

Utilized a low down payment loan, maxed seller credit, tax proration and closed on the 1st of the month to maximize my cash and acquire this property What was the outcome?

even if its interest only, id want to pay down principal here and there. seems like sellers would offer this interest only route so they have 0 capital gains tax, but id rather pay down a bit of principal in 7yrs. i see its not required but it should allow for principal paydown in promissary note3) any general advice to look out for on seller financing?

There are some programs through local government systems where you may be able to receive a tax abatement or grant here in Michigan in an effort to help beautify a neighborhood.

The property owner's tax professional can help them with that and ensure they don't pay taxes twice on the same income.Disclaimer: My advice/opinion in this post is just that, my opinion.

Some people use their IRA to fund fix and flip's and keep the profit in them tax free. 

.💡 Tax AdvantagesThis is where my tax brain gets excited!