He and others seem to be attempting to circumvent an agreement with us, by attempting to smear us on this platform. 

I’m looking for insights on how to put together a deal with the following details:Asking Price: $260KMarket Value: ~ $265KProperty Details: 3 bed / 2 bath / 1,400 sq. ft.Days on Market: ~100Loan Type: VA Loan (Attempting a VA Loan Assumption)Mortgage Balance: $200KThe ChallengeThe seller is behind on mortgage payments, and while I don’t have an exact amount, the agent mentioned it’s over $20K.

I wish you well in your real estate endeavors. 

There are a few things to consider when attempting to Mills Act a property.- To utilize the Mills Act requires a few things: An application (not free), inspections, and most importantly a contract with the city in which you promise to rehab and maintain the historic nature of the property.- The inspections are only 5 years, but tenants are not likely to take care of them home as well as you, and refurbishing hardwood, lath and plaster, and anything else is going to be much more expensive than the typical Landlord special (white paint, and grey LVP)It will all come down to making your numbers work.

When I attempted to do a similar flip in another county in Texas, where I was unfamiliar with the nuances of the area, my “slam dunk” deal ended up as a $40k loss!. 

But the IRS has said that it is not appropriate to purchase from a related party when the purchase is an attempt to avoid tax. 

My honest recommendation to you is that before taking any big steps towards any new endeavors, please just understand it.

. - Even with this caveat, some tenants will attempt to go to the property.

Think I better clarify - this isn't an altruistic attempt to help VRBO 😄, but rather a hope that it might result in a higher overall booking rate if both platforms perform at a high level

Some people I spoke with think it's their attempt to push their skip tracing  packages on you, but I cannot confirm this.Also, the text to lead percentage is .5, on average.