Did you confirm that they paid the back taxes and it was removed from the tax sale?  

Hey @Kendrick Seen - I agree with @Jonathan Greene that it's most important you use it and use it well.With regard to real estate specific software, we really liked RESimpli. 

It is usually dependent on the PM software used.

@Joshua Wei   For SFH check out our RCS software.  

But, if a cost-seg study is done on the old property, you can manage Sec. 1245 recapture tax by doing a study on the new property to confirm it has as much or more Sec. 1245 property.You cannot swap a fully depreciated gas station for a raw piece of land and avoid recapture - you must replace all the 1245 and 1250 property.3) OZ - Sure you can defer your capital gains for a few years into an OZ fund, but the magic of OZ investments is the ability to achieve tax-exempt growth after a 10-year holding period.

Hello @Michael Dallas,To verify the seller’s information, ensure you request these essential documents:Rent Roll (to confirm rental income and occupancy)Lease Agreements (to review tenant terms)Financial Statements (past 1-2 years, including income and expenses)Property Tax StatementsUtility Bills (if applicable)Maintenance Records and recent CAPEX reportsInsurance Policy DetailsInspection Reports (any recent or previous reports)These will help you confirm the property’s income, expenses, and condition.

And the bank has already confirmed it is okay with them, as it is a local bank that holds the note themselves.

Get detailed quotes on these to ensure it’s cost-effective.Zoning & Permits: Verify that your current property allows additional homes and meets zoning requirements for multiple units.Rental Demand & ROI: Assess demand for singlewide rentals in your area to confirm it’ll be profitable after all expenses.If everything checks out, these could be solid additions to your portfolio.

It's best to consult a tax advisor to confirm if your setup allows for cross-property PAL usage in your specific case.

You should be able to confirm when you do his background check.His fiance trusts him to be around her kids.