I am close to the owner so I can discuss options.These are details and some rough numbers: - Location: Vienna , VA - No mortgage on house (free and clear)- Purchased year: Around 1980- Purchased price: around $50,000- Type: 3 bed - 2 1/2 bath single family- Market price: $920K (not appraised yet but numbers from Zillow)- Market rent : $3,400/mo (from BP Rent estimator)- Insurance $2,000 /yr- Taxes $9,300 /yr- Management $3,260/yr (I do not want to manage )- Repairs: TBDThe numbers do not work with conventional financing (20% down, 7% interest, 30 yr) so I want to think of creative financing ways.

Due to the increased taxes that have been put in place.

I've got some questions.What types of leads are these (preforeclosures, tired landlords, tax delinquencies, etc.)?

And yes, I will have my tax professional go over it.

If you feel too inexperienced and you want his advice and guidance, hire him as a consultant.

To get full tax deferral, yes. 

I can also infer a few other items in later points, such as vacation destination, no sales tax, and a commuter state. b.

You get all the benefits - cash flow, appreciation, tax advantages - without all the headaches.Anyway just my two cents, wish someone had introduced me to this format of investing alongside a group of other investors when I was first starting out. 

If so, sell tax free now.

My wife and I invest in real estate, the stock market, and both have high paying W-2s and obviously file extensions every year on our taxes.