Your taxes on sale are NOT based on the cash received at the time of sale.Continuing with your example, lets say that you've also taken $100K of depreciation. 

If this is true, then the increased income I receive from the option fee and sale price has to be weighed against the risk of having a much more expensive eviction process than if I were to rent the property out regularly. 

It’s was great to jump in there and respond to BPer’s that hadn’t received and responses.

@Abel Teklu Hi Abel, I was hoping that once he received the funds from selling the note he would pay off the first lien.

Go back a 2-3 years, I only received a few credit card solicitations a week maybe, with much lower incentives. 

Without knowing the context/details of what type of direct mail you received, I could only speculate as to why you may have been targeted.

Within 2 weeks I was receiving their statements.

If a property is only in one name (even though it was purchased with the money of two persons) and both persons receive income is it possible to declare these profits or losses 50/50.

The education that you obtain prior to receiving your license seems very useful and networking would also be easier. 

Is it possible to do a double close but have the seller sign their papers in the morning ,then do signing of papers with buyer hour later and then have seller come back at a later time in the day to receive their money?