After looking into it, I see the CO varies by municipality.

Excited to see the results :) I am very fond of Huntsville! 

I would love to see the exterior.

You see, the Salesman was overly eager to close a quick sale and lost his prospect completely by not knowing how and at what point to present his offer to Tim.

No, not income.Would have to see the settlement statement and county property tax statement to be sure, but generally it is a reduction in your property tax expense for the applicable tax year as that is the seller's prorated portion of property taxes for the portion of the year he/she owned the property.It's generally a current liability that hangs out on your balance sheet until the next property tax payment cycle.

Hard to see the downside to this if the numbers work with the current income, assuming it's consistent and not depending on the same families coming year in and out due to the relationship with the host.

See the pic attached...This is the one...

I 've purchased every single family home (except my first) and every single rental property using the sellers agent or just private sale.Over 15 years of RE investing i definitely see the value in it.

I didn't see the contract until it was sent to me so I put my business as the entity, however, I want to put another business name so that I can sell that business to my cash buyer to get the wholesale fee.

Erik, you're mostly right, as I see things.