Additionally, on the balance sheet, you will reduce your cost basis in the property by this deduction amount.Are partial deductions allowed?

Even if I never see a dime from the 2nd, that entire balance would have gone to the IRS and FTB anyway. 

As you get more units in a property, there are more checks and balances. 

I'm guessing season is pretty short, so would have to make pretty quick money to balance rest of the year.What does investment market in your area look like?

Usually, the buyer makes up the difference between the sale price and the note balance with cash at closing.  

The HELOC shows up as $75K, but with a balance of $0.

If you invest early and often you can easily achieve that hockey stick graph for your investment balance.

It really can be someone with experience, balance sheet, or net worth, etc. depending on what you need of them.

These people have very little money to put down, but can demonstrate the ability to easily pay a good amount each month ($850).What I want to do is pay off the balances on each, take title to my name, then sell them each on land contract to a buyer. 

It’s an estate sale, there’s no mortgage balance, and the relatives are not local from what I understand. my hope is that they are not emotionally invested and just want the deal to close as planned in the next 2 weeks- **especially now that they will have photos and knowledge they will not want to disclose to another potential buyer.