To support my seller and seize a valuable opportunity, my business partner and I decided to purchase the property ourselves.

Quote from @Wale Lawal: @Damian WalkerAs a real estate investor, it’s your job to find motivated sellers every possible way you can.

Bottom line, make it so that you never need the seller again after the transaction is closed.

The seller would use this strategy when they don't have a lot of equity in the house.

Most ideal would be seller financing, but open to creative strategies for a cash-flowing property. 

I see a ton of sellers and listing agents overpricing homes and end up with big "price drops" back to reality.

Any taxes not owed, a seller merely file a tax return with the state, just like any other tax returns filed for extra taxes a government has with held. 

Contact potential sellers who are not actively seeking to sell their real estate holdings.  

@William Taylor so many options...Use your RE knowledge to: WholesaleFind rental deals to sell to investors locally or here on BPStart leveraging your personal contacts to build your sales businessFind a motivated seller willing to do seller financing:- Move in worst room or basement, rent out all the other rooms for max cashflow- You could even live in the basement and STR the rest of the house

@Joel Florek will your bank let you get cash out at closing even if the seller is carrying a note?