Dynasty's are over-rated and generally produce horrible people the world can do without.If your dad is the Warren Buffet type that thinks their kids should figure it out cause that builds character, then why the hell should you listen to him anyways?

Or does equitable interest not count because it is specifically for closing costs and isn’t attributed directly to the purchase price?

Grand old style home, lots of character and nicer than I thought it would be.

I bought and moved to a condo, and when my closing attorney wrote them a demand letter, I got the refund in a week.I watch court shows on TV where landlords try to keep deposits with pictures of garbage left behind and damages, and usually the judges are not sympathetic attributing it to wear and tear.

There will be tax implications based on the percentage of your gains that are attributable to the borrowed amount, so you'll have to have your CPA guide you through that.

Are there attributes for some other use?

The ability to defer taxes into the future is one of the greatest attributes of owning real estate directly.Finally, because private equity real estate is typically held in an LLC, which is considered a pass-through entity by the IRS, 100% of income, losses and expenses pass through to the owners.

The rule is that your purchase price should be allocated between land and building in the same ratio as the value of each component bears to the value of the property as a whole.So let's say the property is worth $100,000 with $60,000 of the value attributable to land and $40,000 attributable to building (you can use any reasonable method to determine this; one easy way used by many is the assessor's split, though there are other methods that could yield a better answer for you).You buy the property  at a huge discount for $10,000

Make it "special" with character, but not personal.  

I do agree that an eviction is more of a character issue than anything.