Hey Fang, Have you asked why the seller is not open to hard money?

It's probably worth doing a cost/benefit analysis to see what makes the most sense to do in this case but I don't think buying rentals while renting is necessarily bad. 

There are some new programs and ways for investors to save money. 

WE HAVE NO EXPERIENCE, BUT WE SAW OTHER PEOPLE MAKING A LOT OF MONEY SO WE JUMPED IN TOO!!!  

@Sam Peterson You can utilize different online companies (web, phone apps, etc.) for this but if you're new to REI you could gain traction by making your own.

Unfortunately it is almost run backwards and if the investor makes 80k+/year then you aren't eligible for almost all of it.

I don't really like to companies that make you sign up for something else (like Twilio).

Much of my money goes towards buying land and reselling, revenue is slow but I have accumulated enough land as assets now.

I'm not sure how well versed they are in the trust details but it makes sense that it would be due to the step up basis so if there's a way I can approach them to give them a solution to that, that would be great. 

Due to complications in due diligence (seller financials), the only way that it makes sense for us is if we can assume the current debt, because it is below market rate, already underwritten etc.