(It phases out between 100 and 150k)Not a cpa, see a tax professional

@Jake Keating I’d suggest consulting with a local tax and/or estate planning professional for advice on this issue to make sure you get the best advice for your specific situation. 

Good deals don't last.As always, seek professional advice.

You might consider Seniors with 15+ year Ownership.

Professionals in the business long term have to think about the RELATIONSHIPS that have been formed over decades.

Lots of things that can happen but hire professionals when you can and maybe partner up or consult with someone locally that has been through the process.

I think that it would be really important for you to consult with a RE professional to evaluate the true price of your property to make sure that your numbers are correct as well as partner with a rental and property manager to know that your asset is well protected.

I’m not saying it’s a no -go ,but I am saying practice your due diligence and get some professionals involved before you get too jumpy

These are professionals with additional training and a stricter code of ethics.

Seller has qualified for short sale with senior lien holder and been approved. 2nd lien holder is more confusing.