I'm giving the seller all the information he needs to know to make a fully informed decision, and if it would be illegal for me to buy a property under those circumstances, it may put me at an unfair disadvantage if the seller really understands the circumstances and really wants to sell under those circumstances.You can argue that the seller is getting taken advantage of, but that may not be the case.

With ABC Supply Co., Amazon and Dollar General all having large operations here, more businesses are going to continue to follow, along with the fact that the rents are very high for the typical prices in my area.

For example - 123 Abc St. (12-unit, same zip code) sold for $75k per door in August of 2022.

However, I would also argue that you need to know your average deal and see if their is movement in to different inflection points.

For example, many will argue that you can invest in real estate and earn 12% return rather than pay off a student loan with 5% interest because 12% is greater than 5% so your money is earning a 7% return.

Second, some landlords argue that they still like to issue these forms to "stick it to" their previous tenants under the assumption their ex-tenant will have to pay taxes on this forgiven debt. 

I'm not saying drop out and follow your passion to become a painter in a hippie commune, nor am I saying become a drug dealer to get rich quick, but there has to be a happy medium between the two and money alone is not the best consideration for finding that happy medium.Also, gotta take you to task a bit for asking a question and then arguing with experienced people who answer it and give you good advice that you don't want to hear.

However, with inflation still running high, others argue that such a reversal would do more harm than good.

"ABC.....

It is dependent on your state, however, if are going to court it is hard to argue your case with using a percentage (if the state doesn't back a percentage aspect for late fees).