I'm eager to get a better understanding of the terms of the arrangement, and particularly the specific documents used to secure and document the transaction.I'm reaching out to you via BP message now...

@Nicholas Makhonuk These home owners receive a bunch of mail and numerous calls on a weekly basis.

Find yourself a lawyer who specializes in corporate law ... a thorough operating agreement is a pretty boiler plate document.

@Jared Carpenter You have received a ton of valuable feedback here. 

So I signed it and then when the final contract was received it said that "Purchase shall not uses any third party financing" and "Funds from any third parties will not be accepted by the closing agent."

A home that's been on the market for that long has probably already received multiple low-ball offers from seasoned investors.

In the case you did receive a home that was livable, you would need to maintain this home and pay property taxes on it for 3 years under your current configuration.

(VA Funding Fee is exempt if VA disability compensation is receive)@Bart H. hit the nail on the head!

I've read and received different advice from various places.

So my guess is your accountant will let you treat it all as capital gain (interest on the note excepted off course).When you accept a note as part sale you will pay all of the tax but it will be prorated as you receive payments.