Plus they would have to pay a mover. 

Hello,I recently closed on a BFD deal and looking for direction on correctly setting up journal entries, to make it easy at tax time.In a nutshell...We hold a mortgage on the property with a principal of $150k, 4.25%, 30yr amort (liability)The BFD sale price was $300k, with a $45 downpayment, $255k financed at 5.5%, 25yr amort, 3yr balloon (asset).All transactions are run through an escrow agent, and we just collect the net difference monthly (~$325 or so).   

@Vi HuangNever heard of them but there are way too many lenders out there to be paying fees to review the loan.

I tried to do a conventional 30yr fixed mortgage but was turned down by my normal lender due to the tax write offs over the last year with my other properties.

Each one you own gives you some quantity of positive cash flow, plus tax write offs, plus mortgage pay-down / equity gain.  

But you need to really understand how to run your numbers, your cities property tax rules and how to calculate true future taxes (I see a lot of folks fail here), etc. 

Most owners don't want to pay a PMC enough.

I'm fine getting reassessed for taxes if needed. 

Any buyer willing to pay a $10k assignment fee up front is going to close. 

Real estate investments, when managed wisely, can provide a steady income stream through rental properties, potential tax advantages, and the possibility of significant appreciation in value.To maximize your success, it's essential to conduct thorough research, understand the local market, and seek advice from experienced professionals.