The key is to identify personal property from real property.

I then send these to my clients.

The moral of this story is to have good home owners insurance!

@Ali Mol In a lease-to-own agreement, the $1,666 monthly credit should be treated as a liability (deferred credit) rather than rental income, as it is allocated toward the purchase price.

Cash Investor How did you add value to the deal?

Your requirements to defer all tax are to purchase at least as much as your net sale. 

He knows everything you need to know to do this right.

Hey Nick,Great to connect!

Read the forums here on BP and on PP. 

I can't emphasize more here that I recommend avoiding the BRRR nonsense.