He sent me a contract outlining all of this just as described.

Sometimes a title agent will take the time to outline it for you if you send them your business. 

Hey @Kyler J Sloan:Defining “Material Participation”As outlined by the IRS, the standards for material participation include:500+ hours toward a business or activity from which you are profitingIf participation has been “substantially all” of the participation for that tax yearUp to 100 hours of participation and at least as much as any other person involved in the activityAs clearly illustrated from the lists above, anything an individual is actively participating in, is considered active or non passive income, and is taxed as such.There are quite a bit of info online about this.

There are various methods, and David outlined most of them above. 

In that case the loan interest is an expense and the overage is income.There were a few issues that came to my attention when both the buyer and seller took the deduction, mostly they forgot how to treat the matter prior to filing, a few too after they filed, my instruction was to file a correction, I have no idea what they did.Not sure when we implemented the disclosure; "Your Responsibilities In Your Installment Transaction" but it addressed taxes, deductions, occupancy, insurance, payments and escrows as a brief outline to the obligations and expectations of buyers and sellers.I'm not a tax guy, but I am an accountant and this is a proper allocation of funds relating to installment contracts.

Also are there any good threads that outline the advantages of deferring Capital Gains Tax using an Installment Sale (Seller financing) for a low income retirement age seller?

That's why they carry E&O insurance,If the city has offered to settle for unbilled amounts since Jan 1, for $16k, then I'd take it and run, and make sure you get something from the city that outlines the payback plan.

Marcus, thanks for your response.As I have stated on other threads on this topic, the financial lives of most people are very complex and most people will be very well served to meet with a financial planner to set some goals and outline a strategy for hitting (or coming close) to those financial goals.But, Marcus, let us suppose that you and I strike up a partnership to invest in real estate.

The result is quoted below:" EDR collateral screen outlines (5) reports of leaking aboveground storage tanks and (1) record of an underground storage tank incident within 1/8 mile of subject property.

Maybe you could do a thread calling for any 'Event Planners' Outline the criteria you're working with, (number of people attending, space needed, etc.) and get multiple people getting information for you from major cities.Have you considered southern California?