Additionally the seller, whose loan I promised to pay, now has a foreclosure on her record and her credit will be ruined.

In the short term rental loop hole there is no loss limitation and that has the potential to be your best option for offsetting W-2 income.

Just found it on Zillow and worked with the agent representing the sellers.

But I wanted to buy 1-2 short term rentals with the money.  

Curious what your thoughts are on short and long-term appreciation for properties in Athens? 

After making what seemed to be an endless amount of offers in this hot market, with a lucky turn of events of a sellers contact falling through due to the first place buyer unable to to afford financing.

I bought for $600k and sold for $640k — however, I say modest because there was a last-minute seller assist of ~$30k that took quite a bite out of the proceeds.- To get a little more specific on profits and losses: my parents gave me $150k and I gave them back the net $166k from the sale.

There's a lot of people that say you can just take over the payment of the seller and have them sign a silent DOT, but without approval/knowledge of the underlying bank. 

I was able to offer quick closing to help the seller out in offloading the property.

Seller-financing is the only option for me as my income is through my LLC which isn't older than two years.