ThanksYou effectively have an economic loss, but not a tax loss.

The shed will have zero effect on the rent price.

It makes the transaction very tedious but it's an additional $7,000 you can use towards your down payment which seems like that may help.

I will second @Linda WeygantShe is located in Colorado and was a BP podcast guest.In regards to your tax return - if you have an out of state business - you may be required to file a resident return in Colorado and a non-resident return in the states that your business transacts in.

Phone calls are not as effective as meeting and talking to someone face to face about what consequences they're asking for themselves.

In my state the only way it can be disbursed is with a signed agreement agreeing to the release and distribution by all parties involved in the transaction, or by court order.  

You will want to consider the transaction fees, annual fees, speed of processing, customer service and knowledge. 

She won't be making any money in the transaction, I would be purchasing it for the amount of money she owes and then I'll be making the mortgage payments myself. 

The best approach to do it correctly is to systematize everything.And in that respect, it makes sense to use the same template.You can adjust that template as you go along.There is no point reinventing the wheel.Which is what effective flippers do. 

Hi Everyone,I was wondering if I could get some feedback on pursuing cash transactions for purchasing investment property.