Or do I have literally NO tax obligation from the sale?

It's a historic house and I turned it into a multifamily, got the rehabilitation certified by the NPS so I got a bunch of tax credits, and it's been a cash flow cow for the last two years.

and they will offer up a different suggestion on what you can provide.Option 2 is to think about what else proves your existence... in my mind, previous tax returns certainly do that.  

Write an insurance contingency into the offer. 

Refinance in a couple of years pay him off and you ask him if he wants to fund the next down payment.

His unit door is off its track.  

You both make 100k a year and you want to build a 4-plex to replace your job and only manage the property or cruise off passive income?

For one property, a spread sheet to track income and expenses would suffice to hold all info for your tax professional at the end of the year. 

Hello all,Business is going well, and most of you know me as an investor focused Realtor in Omaha and in the next couple months I have the amazing opportunity to scale that business exponentially as the Acquisitions Director for an amazing Real Estate Company (more info to publish later) but I am actually seeking recommendations for a good real estate tax professional who serves the Omaha area.Basically I am already formed as S Corp but I am forming an LLC (potentially under my S Corp) with myself and the contractors I work hand in hand with to renovate properties with the intent of serving under one "legal" roof when we assist investors in finding and renovating properties for investors and want to make sure we set ourselves up as strong as possible.Any recommendations?

To be honest, when we received the bankruptcy letter I thought about sending him a letter to let him know that he had to surrender the property, because I thought he was not going to pay, so when he paid the full month and late fee, this kind of threw me off, not sure how to proceed.Much appreciate the help from this forum