Many Realtors will suggest purchasing a property using a FHA Loan, to reduce your out of pocket money.

My agent is saying that we are unable to split the contract that way (or reduce the purchase price), so I'm trying to figure out options.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

Open to any advice here tooI want to sell my underperforming assets to reduce expenses.

What process reduces the payoff by 12 years?  

But even if you’re not using Baselane, any tool that integrates with your bank and helps automate categorization can drastically reduce year-end headaches.

However, in the last couple of years, GLVAR modified their PM agreement to include an option for PMs to collect fees while the property is vacant.  

Are you able to reduce your expenses quickly and easily if needed?

Yes, you can deduct related expenses including gas, loan interest, insurance, etc. using the actual vehicle expenses method to deduct auto expenses for your rental or other businesses. 

Is there any creative way to avoid/reduce capital gains tax on the sale ?