This is essential.You should ensure that you fully document the reason for your decision to have your IRA write off part of the loan and accept a lesser amount as payment in full.Typically, your custodian will accept your instructions to "sell" the note (accept a reduced payment in full and take the loan off the books).

All that stress over $250????

I'd suggest getting it professionally managed so you're not stressed out.

not that upset.anyway, here are the details:asking - 67, then reduced to 58.purchased - 51ksq. ft - 9563 bed/ 1.5 bathno garage - a shed is presentupdates - ~12k with the driveway, which needs to be replaced.rent - $1,050 estimate when it's all done.my concrete guy wants to buy it on a land contract, so not sure what will happen at this point.

If after installation the home was sold to the next owner, labor warranty immediately expires and parts warranty gets reduced down to 5 years.If the unit was never registered, I think you get no labor warranty and parts warranty defaults to 5 years ...?

Thus began an extremely stressful 10 weeks (occurring simultaneously with losing my dad).  

What items or hacks do you like that reduce costs and force appreciation?

I understand the draw of an RV park and the need for hook-ups, and tent campers are happy with community bathroom/shower--reducing infrastructure cost--but it takes an awfully long time to recoup the 30-35,000 all-in cost per Tiny House, especially if you calculate the modest additional income you'll make over just providing a pretty, rustic tent site.  

I was the broker for both the acquisition (as selling agent) and disposition (as listing agent) for this transaction.Bought for $90,000 in October of this year.Bought a new fridge, new vent hood, installed new carpet, and took care of some small repairs.HOA, property tax and holding costs were under $350 a month.Listed the property on the MLS and sold it for $126,000, closed in early March.Most likely could have reduced the holding period if we started off by listing the property at a lower price sooner. 

Some counties  re-access every year and some don't so there could be a chance to reduce.