Explicitly tell them what you're paying for it so you can get the exact number.Also, we do a 25% property tax relief in SC under the ATI bill - so if you fill out that form, you will get a reduction for 5 years.Info below:ATI Real Property Tax ExemptionSouth Carolina law now allows a partial exemption from taxation of up to 25% of an “ATI fair market value” that is the result of anAssessable Transfer of Interest.

Hey @Steve Johnson, I found your website but it does not explicitly mention HVAC and I actually was about to ask on the forum if anyone had a recommendation for a furnace repair job... not a big job, one unit in a duplex not working properly.

Over time, I’ve accumulated more cash reserves and don’t need as much flexibility, but I’m actually in the middle of a refinance right now using an interest-only mortgage—because the pricing with the lender and the corresponding ARM is more favorable than a comparable principal-and-interest loan.The key with these alternative or "exotic" mortgage types is that you need to be financially savvy and have a solid plan.

I don't see any reason why a legimate, arms-length transaction could not be done.4.

Alternatives to ConsiderIf you want to involve an entity for liability protection or other reasons, here are some potential approaches:Assume in Personal Name and Transfer to Entity:Assume the loan in your personal name and later transfer the property title to an entity.Important: Transferring title may violate the loan’s due-on-sale clause unless explicitly allowed by the lender.

In Oregon you can kick out who ever is living there unless the federal law regarding arms length leases comes to play..

However, the contract explicitly states that even repaired work must be disclosed, using “such as structural or fire damage” as examples.

These people EXPLICITLY do NOT want to sell their house.

This is a task to handle carefully and at arms length. 

If not actually illegal, the a violation of the terms of sale of the note that could result in a lawsuit by the bank.You'll get better advice if you can be more explicit about what's going on and what you're trying to do than if you're vague.