I just have two basic questions, if anyone here may be so kind as to shed some light, I would appreciate any & all of your insight very much. 1) I am NEW to this, but understand that REI strategies may work or not work well in different markets and at different times.

Can anyone shed some light on how taxes work for seller financing from the seller's perspective?

There is a family trust that is trying to shed the property.

please shed some light on this anyone.

.- Getting rid of that HELOC from the divorce (mostly psychological but will enjoy the return of my cash flow)- Completely shedding the remnants of my marriage (admittedly psychological)- Downsizing from a big house that we don't need to something more reasonably sized and easier to maintain- Getting me, a middle aged single guy, closer to more activities and socialization prospects- Much, much closer to his work, and to stores etc.

The people running things right now are not the sharpest tools in the shed. 

Let me get a hold of my paperwork and you can shed some light on what we have going on.

Hi all,I am new to BP and just starting to research how to start becoming a buy and hold investor under extremely limiting circumstances and was hoping the BP community could shed some light on the best financing strategy to use for my first few properties.Current Financial SituationA little background on my current situation: I am 28yrs old working in television in NY ( making roughly 55-60k a year- yes it is brutal) I just bought my first primary home 2 years ago in Williamsburg, BK to lock in how much I’m paying for housing year over year in a place where incomes don’t increase as fast as rental prices (2 bd for 340k (this is an HDFC which is how I got a home for this price in an area where the median price is 1.5 million) ) so obviously my DTI is extremely high at almost 60% with no other debts besides my primary home (I also have a roommate who pays me $900 a month for her room which helps with about half my total monthly housing costs) (had a great mortgage broker that really helped me wiggle in to my first home)I now have about 75-80k in equity in the home and access to a family trust with a similar amount of money in it and was looking for the best way to turn buying an initial first property all cash into the ability to buy more properties( out of state of course- looking at different areas in the country from PA to TX to TN to FL).

It also has a big attached shed-like structure in the back for each side. 

Having to keep the property this long seems like a pretty big step that would have been mentioned in the forums.Anyone out there with first hand expert be that can shed some insight?