HML outside of a retirement account results in ordinary income.

“It is extremely important for everyone involved in the seller finance industry, from the small business owner to the potential homeowner whose only path to homeownership is through seller financing, that we all join together to make a concerted effort to achieve regulatory relief from the burdens, a lot of them as a result of unintended consequences, from Dodd-Frank and CFPB legislation.

I just joined this site over the weekend as a result from a friend's "word of mouth".I have been in the business over 15 years, and always interested in checking out sites that people find credible.So far, I am pretty impressed by BP.  

This will make it easier, perhaps cheaper and to get better results from working with your legal and accounting professionals.

I would try to keep the two separate so that a bad result at one didn't bring down the whole enterprise.I would also be inclined to bargain the 700k price down considerably.

They're a tool -- it depends on what you're doing and what you want the result to be.In the Seattle area, Clint Coons @ Anderson Advisors is knowledgeable.

you can also look into the NACA purchase program you can get a home with No down payment, no closing cost, and no fees They will make you jump through hoops for this but the end result is well worth it 

@Dean HulsingA question I ask myself in a situation such as your find yourself: Is this building in an area where investing 50K will truly produce the results you forecast?  

In May 2013, a tornado came close to both properties and resulted in damage resulting in two claims (nothing as major as you think - just re-shingled roofs.

I have been working with a private equity partner who will fund a project if it will produce a high return for them.