They are essentially giving the property to you at fair market price, so someone is going to need to pay taxes on that fair market price.

Show Financial Stability- Proof of Income: Military pay provides a stable and reliable income source that banks value.- Creditworthiness: German banks assess your financial standing, so keeping accounts in good standing is critical.4.

The most important rule is to have the cash flow of the new property be able to pay all its expenses, mortgage, AND the line of credit back.

It's properly leveraging (not over leveraging) the asset that pays off.  

That means paying all cash isn’t an option unless you plan to bring another $600k to the table. . 

With regards to your example about plaster vs. drywall most insurance policies no longer will pay for the plaster whether you have a public adjuster or not. 

Risks: rates go down and you have to pay a prepay of 2 or 3 %; you have to sell and pay the prepay; rents decline & you can't make the payment like any other type of loan; cost upfront a little more than conventional; need to find experienced broker licensed in the state where subject property sits; servicers are bulldogs. 

I asked if there was anything else we could try, he got very angry and demanded I pay him in full.

After all, you have no evidence they agreed to pay rent or any of the other terms.

After I make those payments then my lease with them is for $5,250 for 12 months where they pay all of the utilities.