Hypothetically, if a mix property (commercial main level and two apartments above) only has $80k left on a $350k loan and the property is worth $500kand the taxes are $12k/yrand the rents are $4k/moand the owner is your father in-lawand he wants to sell but worried about the income taxesand he doesn’t want to buy another propertyand the building needs about $50k in updating and roofand you want to help him out by taking it over with seller financingWhat terms would make sense for him without a huge tax consequence and basically still get some of that income from the buyer, us?

My husband works full-time, but my parents are local and retired so my father could be an option.

Okay I will be investing in a house at the end of this month with my father-in-law.

Almost all of Woodbury is a C class neighborhood and is relatively safe (father operated business here for few years and was fine, although he got a few crazy customers).

I'm asking this question for my father who is looking to be a private investor for real estate projects. 

I'm a father of three beautiful kids and would like to spend more time with them which is my main motivation to invest in real estate. 

My father still lives in Louisville and has been a carpenter/all around handyman his entire life.

@Russell Brazil My initial intention was to occupy the space and make it my permanent residence, however my fathers health deteriorated shortly after I made the purchase, which is why I made the decision to stay with my parents and try and rent the apartment out, rather then sell and take a loss.

My father owns 3 town house units in Hazel Crest, IL and he has had pretty bad tenants and he constantly is fixing something they broke by himself.

Also as far as the 203k loan ive looked it up a bit and most wont finance homes with foundation issues but that is a great route to take if I can find a lender will to work with me and my father asked about doing a refinance on his paid off house to buy it but I’m not sure how that would work so I’ll have to look it up a bit more