I hadn't thought of BK implications when the MH title isn't retired. 

With your school to apartment conversion I'd recommend getting out in front of it and getting preliminary cost seg consulting to maximize 5 year assets and be able to expense out all the retired assets.

I’m a few years from retirement.

The numbers you are looking for are specific to that property, and the goals I set for myself (or partners) for the timeline in the REI Plan we are working in the market we are investing in.As far as criteria I'm looking for to do Seller Financing is concerned, I look for retiring REI selling off their properties that have 100% equity

Distressed owners have some reason they need to get out of the business of rentals, the reasons are endless, but knowing as much as you can about your seller can point to opportunities to solve their problems.The tired landlord is the ready to retire types or those tired of fixing, cleaning and having to be a landlord, a walk to the mail box for a check is more enticing than paying a property manager and having owner's responsibilities.

What alot us do is buy 1-2 places each location where we are stationed, and then by the 20 year mark we have a nice portfolio of properties to augment your retirement.   

IMO, If someone is still in their prime working career, not retired, it has to be about the money, no one is going to abandon their productive years to do something because they love you and want to see you succeed.

Travel, kids college, retirement in a warm climate in the winter.

You stop depreciating property either when you have fully recovered your cost or other basis or when you retire it from service, whichever happens first.Placed in Service You place property in service when it is ready and available for a specific use, whether in a business activity, an income-producing activity, a tax-exempt activity, or a personal activity.

Use my name and company. mdmortonlaw gmail.comI have a great CPA but she has retired from taking new clients.Hope this helps!