Depending on what you are getting into, it could be fantastic, or a maintenance headache if the reason it's off market is because it has some deferred maintenance.

It defers taxes and lets you get into a more stable property.

The financial benefits of a cost segregation study are realized through using increased cash flow to scale your business or strengthen your portfolio which is done by maximizing the net present value through deferring tax payments.As a reminder, bonus depreciation started to phase out in 2023.

The 1031 can defer capital gains taxes, but it’s crucial to identify a like-kind property and complete the exchange within the IRS timelines.

HUD loans sometimes have specific conditions related to repayment or subsidies that might affect how they are handled.Balance and Unpaid Amounts:The discrepancy you mentioned between the mortgage statement and the HUD loan amounts might indicate deferred principal or accumulated balance under specific conditions of the HUD program.

The property had a large amount of deferred maintenance.

It’s extremely powerful to compound your earnings, which means you want to legally minimize or defer your tax payments as much as possible.

@John Bertolonfollow the requirements of your leases and local lawthere may be deferred maintenance if this is a new acquisitionif you don't want to deal with it yourself hire a PMgood luck

If the funds come into your direct possession at any point, you'll likely lose the tax deferment.

Or do you want to tap into the equity tax deferred and re purpose into other assets?