bought property in March 2017 - put 20% down150,000 downmortgage 375,000 interest rate 8.25% 2/1 ARMseller misstated financials - thought they were actuals but were performaswhen got into the property was expect 7800 in rent but wasn't the case 2 tenants had gave notice - both were TRA (temporary relief assistance) day of closingGuaranteed for 6 months instead of a yearHad 6 TRA tenantseach were paying 1550 per monthflooded entire basement - Repairs Complete1175 (2 rentals) newly renovatedOriginal list price was 1350 but dropped down to 1175 (stayed on market for 69 days) - 2 rentals3 other individuals were phasing out of TRA - 1 stayed (1175) - no evictions from November - Januarylost $15,000 from 2 evictionsbrand new roof 2017Mortgage payment: 4200 per month mortgage and PMI taxes and insurance includedNationstar - amortized commercial property for 30 years - 30 year mark fully paid off 29 years left on mortgage -after 2nd year variable interest rate (max cap is 10 1% max for year 2/1 ARM)( 3 Months Behind on Mortgage)all 6 are there 1 is moving out on the 30th Apartment 3Lonly 1 left on TRA (court last Tuesday) - was going to be evicted lives for 3 months - gave TRA voucher for 3 monthsNeeds to pay $18,000 backpay for mortgage companyFebruary 1st $4,200Needs about $25,000 and some reserve to handle certain thingsBuilding pays for itself - Total is $7100 - mortgage $4200 - cashflow $2900has a partner and he lives over seas - he wants his money backbought at 500,000 March 2017Appraisal: 600,0000.70 = $420,000 Cash out Refi MaxBalance is $373,000 on mortgage $1600 to renovate the unit - Used Security Deposits for Renovationsno reserves in the bankNeeds full $18,000 —back 3 months in Mortgage—Once February is collected will be $1,000 shortTenants - all separate utilitiesPay only $100 for lights in hallway - all baseboard heating - bring own AC unit for windowsRenovated 4 of the 6 unitsNEEDS: $142,000 needed to pay off investor - wants 12% return (until he is off the loan) per year he is on the loanhe already received $8,000 OWES him $10,000 $142,000 + $10,000 = TOTAL: $152,000Back pay on Mortgage $18,000TOTAL $170,000$2900 cashflow monthly Owner wants $900 cashflow monthly out of $2900Any suggestions would be appreciated on how to structure this deal in order to benefit the seller, as well as myself.Lease options?

@Jason PowellYou may be entitled to receive a credit on your resident state tax return for taxes paid to another state.Oregon has a high state tax rate, so you may not get the dollar for dollar credit but you will get some relief.

Hi @Anudeep Pradhan,In line with the other posts here, and if I can add anything more, COVID relief has not been 100% removed from LA county rent increase moratorium.

However, HUD continues to categorize Emotional Support Animals as Service Animals and has levied huge fines on some landlords that have not allowed ESAs on their property.Landlords have been screaming for relief so HUD recently published these guidelines which provide some help.https://www.hud.gov/sites/dfil...

If they are military then you can't charge them a fee per Servicemembers Civil Relief Act (SCRA) but they must show you Orders to move.  

DEFAULT BY BUYER: In the event Buyer should fail to consummate the transaction contemplated herein for any reason, except default by Seller or the failure of Seller to satisfy any of the conditions to Buyer's obligations, as set forth herein, Seller shall be entitled to retain the earnest money deposit, such sum being agreed upon as liquidated damages for the failure of Buyer to perform the duties and obligations imposed upon it by the terms and provisions of this Agreement and because of the difficulty, inconvenience and uncertainty of ascertaining actual damages, and no other damages, rights or remedies shall in any case be collectible, enforceable or available to Seller other than as provided in this Section, and Seller agrees to accept and take said deposit as Seller's total damages and relief hereunder in such event.

As much as you are able, donate to the relief effort on this storm.

Also when they file BK they breathe a sigh of relief and do not want to sell until they lose that protection.

In the event that litigation results from or arises out of this Agreement or the performance thereof, the parties agree to reimburse the prevailing party's reasonable attorney's fees, court costs, and all other expenses, whether or not taxable by the court as costs, in addition to any other relief to which the prevailing party may be entitled.

I joined BP a few weeks back to start the researching process.Having that debt cleared away was a huge relief.