Or Offer B: $428k Financed closing in 30 Days.Your escalation increment needs to put enough distance between you and the 2nd best offer to overcome not just the price, but also potentially better terms of the 2nd highest offer. 

Is the taxable amount a) the profit or difference between the purchase and sell price, b) the cumulative net gain over the time owned or c) something elselooking to roll into larger SFH or Multi.

Some things to consider with the above suggestions of creating an LLC and contributing the property + $100,000.The basis the partnership has in the property is transferred from Person A.If person A's basis in the property is $100,000 but the value is now $200,000.The depreciation would be based on the $100,000 instead of $200,000 which may 'upset' partner B.Furthermore, you have to properly structure it so the IRS does not see it as a 'disguised sale'.A disuised sale can potentially occur when Partner B contributes $100,000 into the partnership and it is immediately transferred to Partner A.best of luck

Here is the link to the property: https://www.zillow.com/b/3015-...Thank you!

Quote from @Jonathan B.: Quote from @Chris Seveney: @Jonathan B.On a reverse mortgage no, but if it’s going to foreclosure then it’s typically because it’s upside down / under water or there is no heirs.You could call the attorney and ask if they will let you know what the opening bid or payoff is on the property or do a case search on the county website and see the complaint as that will typically tell you the amount. thanks Chris,the complaint on the 1st mortgage only states the Principal balance due  - 321Kbut i know that once "Final judgement" is issued, its higher - i am just not sure given its a HECM Am i to expceted anything else given its a "Reverse mortgage" ?

@Joseph BraunRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Hi Jon, looks like the area is pretty solid, somewhere between A-B grade!

If it's cash flow, I’d recommend looking at C areas with B properties (higher-end of the low market), but if you're after equity, think C properties in B+ areas.

KEEP THE BEST, FLIP THE RESTIf this is in a D class area and you're chasing cash flow from section 8 tenants, I would sell it, move on and reinvest your capital in a solid area.If this is a solid area (A-B Class) with lots of job opportunities, growth in area, etc, then hold out for a tenant and rent it.

One for unit A and one for unit B.