Solo 401(k)s are not subject to UDFI (Unrelated Debt-Financed Income) on the capital gains from selling a debt-financed property, per IRS rules.b.

typically (as you probably know) you buy something distressed, with either cash or hard money, you fix it up, and then you refinance into long term debt. 

People carry too much debt and even if the debt was forgiven or paid off, incomes don't match affordability. 

There was no debt on the land and she lost the house so I swapped her the land and she kept the house free and clear..

I’m not entirely sure I’ll ever be able to get her on a mortgage because she’s just so adverse to having debt.

It may be too late.yup stop payment.. also for future reference if you cant pay cash for these kind of educational events don't do it.how are you going to do business if you have to charge this to even get started.. this is the very thing that really bugs me about the real estate education sector in the US>. talking people to go into credit card debt when they know full well only 10% or less of folks that try this or any kind of wholesaling / flipping/ notes / lending etc will do anything .. and especially if you have no capital.

In other words, your renters have covered a majority of your costs of ownership this year, including covering your debt, and you have to put some additional money in, which raises your cost basis.

If you want the least amount of paperwork, you could consider refinancing into a debt service loan.

Also, do you have enough equity that if you sold one you could pay down most of the debt on the other 3?

The process must be understood and applied to team building, investing your and 3rd party capital, and financial deal structure with debt and equity sources.