Even though it’s tempting to get a head start on the roof due to the weather, having workers in the property while the seller is still living there can create complications.

Also, a seller who has a good agent will realize these loans are more complicated and that this type of financing is less likely to result in a sale.

Hey @Tony Thomas, I won't speak to the tax side (not a tax pro) but from a bookkeeping perspective, this will complicate your operations (and, bookkeeping as a result) quite a bit.So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that helps!

Since you and your brother are on separate loans and titles, this could complicate the exchange.

In most cases, neither is warranted.Warning: I am not an attorney and this can be a complicated topic.

To complicate it even further  :) , STR investors do not need REPS anyway  

Don't make it more complicated than it has to be.

From what I know of the sponsor’s background, they have NO basis to believe they can successfully navigate the very complicated business of revitalizing a name brand via on line sales only.  

It will complicate things and cost you money every year.

Due to complications in due diligence (seller financials), the only way that it makes sense for us is if we can assume the current debt, because it is below market rate, already underwritten etc.