But, $9090.91 of that was return of principle and $909.09 was interest you received as ordinary income.Seller financing is ALWAYS the way to go because you can accomplish just about anything they need or want if they don't need or want the cash right now.You can pay a premium and have purchased at a discount. ;-)Not convinced?

You can fill it in, too, and turn the area into a large patio, as an alternative.The next question I'd have is zoning.

~Single family townhome-style property (tall & narrow), 2015 build, with a very small lot (if you know the Shady Acres area of Houston, TX - practically nothing outside the boundaries of the structure itself, but we do have a nice-sized patio) in a desirable A-class neighborhood with loads of new construction in a similar style.

@Eugene Thurston At this point, you buy it directly from the owner, just as any other ordinary sale.

Tenant shall be responsible for the restoration and cleaning of common areas (interior and exterior corridors, patios, lawns, lounges, lobbies, etc.) if necessary after each use.

Changed the floorplan so that the living room changed locations facing the exterior busy streets, and the bedrooms facing te inner quiet interior patios, which here in Spain we call ¨patio de luces¨.

Sheridan Hills is a recently approved subdivision in Sheridan, WY that will bring attainable housing to the community. 300+ units consisting of townhomes, single family, and paired patio homes.

Demo'd all flooring, took down a wall between the kitchen and living room, did a total redesign of the master bath, complete paint, total renovation of the backyard including adding a pool, putting green, bocce ball courts, horseshoe court, gazebo and patio for fire table.

The flip income, emphasis on income, is taxed as active/ordinary income anyway. 

Learn to set boundaries.I recommend two forms of communication: one for emergencies that require an immediate response (typically your cell phone) and one for ordinary communication, questions about the lease, etc.