He sold the property on an Installment Sale, so the Installment Sale Rules apply, and those Rules say that the capital gains is taxable as he receives it with each payment.  

Initials: _______b.Tenant agrees to pay for clearing the sewer drains of the Premises of any and all stoppages, except for those stoppages which the Landlord will agree were caused by defective plumbing, tree roots, acts of nature, or which are declared in writing to have been so caused by the plumber or other person who is called to clear the stoppage.

The lender will not apply any seller credit over 6% to your closing costs. 

Stay encourage.Learn, Apply, Produce!

They both go into deeper concepts behind the formula for building wealth which indirectly applies to Real Estate.Also this forum is full of information.  

@John K.We use appfolio for our property management system and it allows us to customize our applications and once prospective tenants apply online we get notified.

I self manage and don't mind managing but I apply below principles pretty firmly.

And just because someone could do something in 2013, or even 2014 doesn't mean is still applies today.  

I believe you have 3 years to apply for licensure after you pass the exam.  

@Jonathan DragoMake sure you have a conversation with your CPA regarding "Unrelated Business Income" as it may apply in your situation.