As far as your primary residence, if you have lived in it 2 out of the last 5 years, you should not have to pay taxes on capital gains (difference between what you paid for it & what you sold it for) up to $250,000 if you file your taxes as an individual and $500,000 if you file jointly with a spouse.Just a disclaimer, I am not a tax professional.

They put utilities in their name and keep them paid.

As a long-time GC, I wouldn't care how you paid me.

I came in and paid his arrears plus his escrow shortage on top of putting money in his pocket. 

So if we go w/ the $700K purchase price of the new rental (paid in cash from the proceeds), that leaves them w/ $300K to pay capital gain on, @15%, totaling $45K. 

.• This balloon payment will be paid through a cash-out refinance of an investment property valued at $198,000.7.

I paid off the loan as the solution.

(I work with some challenging populations and the extra effort has paid off in these situations.) 

Purchase price: $90,000 Cash invested: $15,000 First home that I over paid for.

If I paid cash for this property, the HOA + Insurance + taxes is around $500 / month.