Rich Dad, Poor Dad and The Richest Man in Babylon are great reads about personal finance.

@Bart Hedgcock   I do not like him because he was wrong about the "internet economy" (tech bubble) and the "decisive war" (Iraq)  and the "Bush miracle" (Great Recession).Also he is not an economist. 

This really isn't the seller's decision it is the bank's you need to have the seller talk to the bank about this or maybe even set up a conference call with the seller and the bank. 

Then make a decision based on what you think is best for you. 

Read Rich Dad Poor Dad. 

And as stated repeatedly, you shouldn't make a purchase decision based on taxes.

Bring back a standard - any standard - and you'd obliterate most of the poor and middle class. 

We decided on buying a rental property and since we are open to long distance investing, now comes the decision of what market to buy in.

When I made a decision to help others, I realized people wanted more doing than reading and quick answers to their questions.

Then, when your debt is gone you might be able to make a more informed decision with all the knowledge you gained and get a better property!