During due diligence the seller also replaced the water heater and agreed to an additional $5,000 seller credit at closing.After crediting the commission and seller credit the final purchase price including closing costs came out to just over $190k.

Additional highlights are RV parking and numerous upgrades throughout, making it move-in ready.What made you interested in investing in this type of deal?

And how will you recognize it?

Additionally, consider reaching out to real estate agents who specialize in investment properties.

Knowing how much you still owe will help figure out the real cost of losing that low rate.Also, when it comes to borrowing the additional $170K, it’s key to know what kind of returns you’re expecting to make on that money.

From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party. 

So it can be much better to keep the existing policy, with you as the primary insured entity, and add the wrap buyer as additionally insured.

Any advice on some additional improvements that could be done to potentially fix this problem without having to buy a new water heater?

Too risky for us.Regarding additional guest packages, you can easily change your tax situation by offering what the IRS calls "significant services".

Additional highlights include RV parking and a wealth of upgrades throughout the home, making it move-in ready.