My assumption is seller financing will give him and dependents long-term monthly income, but not the large influx of capital (and taxes) that would also impact nursing home costs.Obviously we'll need to get a real estate lawyer / tax expert involved but at this point looking for any suggestions or things to consider as we finalize terms.

, I get a 6.5% cap rate, 1.34 debt service coverage ratio and 22% cash on cash - with the assumption that you'll need to spend $10,000 on roof and other repairs in the 1st year.

This is just an assumption of course, so if you are not then my apologies. 

They would likely need to approve any assumption of the loan on your part or payoff.

Yes there are other benefits that you'll be able to write off on your taxes but....Let's say your assumption that the value of the home will increase.  

It is not your job (or should it be) for you to make assumptions on what is going on.

Disclaimer, I don't know this for a fact so please check with her on this as I am making the assumption based off of an early exchange we had on a similar topic.  

From my understanding, you need to work as a real estate agent UNDER a broker for up to three years before you can become a broker yourself.At least that was my assumption of how to go about it.

Hi @Mike S. are your assumptions based on renting out on Airbnb 1 day/month?

I would make the assumption that you are moving out long before the mortgage is paid off.Remember to be smart with the rental numbers.