Both the sellers insist on having an accepted offer before showing the units.

I recently had a tenant who moved out, and told me that she had paid first, last, and security when she moved in and would be using the last month's rent for the last month.She only paid first and security when she moved in, which I pointed out to her in the lease, but she insisted she paid the last month's rent in advance, and refused to pay the rent for her last month there.

I realize that I may be seen in many different lights, as the regulator and goodie-two-shoes or the deal killer insisting on compliance at every turn, but I hope it's also seen as trying to ensure investors succeed and advance, not only advancing themselves but also advancing the integrity and professionalism of the industry investors provide.I simply try to stress fair and lawful dealings that impact the reputation of an investor as it is a reflection on the reputation of all investors.

I don't know as it is too far in the future.Normally bank won't give loan longer than the lease but I insisted to get 5 year deal so I have a year to get new contract straighten out or get new tenants.

Not sure if having more in the property is good or bad but it was what the bank insisted on.

If the seller insists, you can also write it as a 5 year balloon with the option to extend it another 3-5 years (it's all negotiable!).

If yes, how would I then protect my share of the profits (I own a brokerage, so would insist upon listing the property when complete) to ensure that I'm not just guaranteeing only my $30K back (which would amount to an interest free loan)?

So, we want to be sure the IRS will not insist that you pick up the $164,000 as payoff which is $78,720 (approx.) taxable at capital gain rate and then say the $122,000 came from the proceeds to pay off Wells Fargo.What are your thoughts?

TBH I would absolutely insist on working in a release clause (like a no-prepayment penalty) OR an assumption clause (allowing you to sell the owner finance portion) on the deal. 

folks coming to that area from out of town insist on one often, although us locals are a bit more understanding.