Any tips or strategies that have worked for you would be greatly appreciated.Thank you!

Right now as a renter you're paying 100% interest and personal rent isn't tax deductible. 

Thanks for the tips!

Tax Benefits - Can deduct most of my mortgage interest while building wealth.4.

G'Day Beverly,We purchase a variety of motivated seller lists that get a great response rate.Evictions, probate, tax delinquent, out of state landlords, code violations just to name a few.And my team smile's and dials all day long.It's important to know your market and know the numbers in that market.Negotiate hard, be quick and buy with cash.That's what has worked for us for many years now.Too many wholesalers are a joke and over inflate the ARV so be careful and know your numbers.All the best.

U NEED your W 2 to qualify for loans full stop.. as your starting out. so just be realistic time freedom can come with a switch to full time RE agent you will get more free time but RE is very very tough.. and once you go self employeed you need two solid years of tax returns to qualify for funding..

However, are there tax implications to this kind of arrangement? 

They buyer then goes to get a loan from the bank, and in the course of due diligence the bank finds out that one of the sellers has a tax lien judgement against them for $320k ( the property is selling for $130k ).

Any thoughts or tips on recasting would be appreciated!

It will be self managed, I will be near the unit (less than 5 mins away) to clean and take care of any issues.My numbers:Approx Value of Home $240-280kCurrent monthly cost / $860 mo (mortg,ins,tax)Utilities / $250. mo (elec,gas,water,trash,internet)Cost to run as AirbnbApprox monthly cost with STR insurance ($250/mo?)