the purchase price would be the stepped-up cost of the asset. with this, she would only pay tax on the interest earned, correct? 

Did you pay an auction premium like Auction.com or is the number you bid the final number plus recording fees? 

@Rita Medeiros I would pay to have the place inspected, and if theres a problem, I would solve it.

Quote from @Kevin Rodriguez: Quote from @John Underwood: Stop paying for STR knowledge.

They crowdfund to purchase distressed notes and pay 12% interest annually. 

If y'all have any tips or tricks for a new investor, deals, opportunities or are looking for residential real estate in DFW please keep me in mind.

I'll definitely keep you in mind when I come across any sellers!.

Lease is coming up for tenant and we would love to sell the property, but just don't think we will be able to get what we payed for it back in the summer of 2018. 

Like Kevin stated, they don't care about your business even though Im sure you are not only generating income for the area the cabin is in (generating local sales tax) but presumably you are paying taxes not only on your property but on the income you make from STR biz. 

You pay cash at the time of sale, so you need the money available right then.