TERMS- Deal Type: Seller Finance- List Price: $580,000- Purchase Price: $780,000- Seller Carryback: $693,000- Total Entry: $100,000 Breakdown: Assignment: $13,000 Down: $87,000- PITI: $2,657 Breakdown: Principal & Interest:: $2,000 Taxes: $464Insurance: $193- Rent: $5,250 ($750-800 per unit)- Amortization Years: 28.88- Interest rate: 0%- HOA: NONE- Balloon: NONE- EMD: $5,500- COE: Feb 12, 2025- Occupancy: Occupied, Occupants staying post closing- Title company: PROPERTY DETAILS:MULIT-FAMILY7 Units - 2B/1B per unit- Living sqft: 5,200- Year Built: 1940- Age of Roof: 1- Age of HVAC: New- Age of Water heater: New- Condition of Electrical: Good working condition- Condition of Plumbing: Good working condition

.: Hello,Did anyone received post closing audit from mortgage company.

Everytime you get close to depreciation running out (or want more) you 1031, expand your holdings, and your tax write off. 

If you closing costs are also 10% of $350k thats 35k so you are at $315k - great you made $10k. 

Read your mortgage paperwork for the due on sale clause. 

Post Dodd Frank sellers have continued the same bad practice of selling houses to occupants with financing at selling prices that are way high, can't be justified via any type of 3rd party valuation (appraisal, zestimate, tax value, even recent sales in the same area).   

Here’s a more polished version of your message:Hello BiggerPockets community,A close friend has been encouraging me to get into real estate investing for years.

Selling costs would be 8-10% of the sales price but there should be an estimated proceeds sheet that would show you costs.

Each of your sales will need to have overlapping time frames (45 days to identify and 180 to close).

I did not mention, but this is a probate sale, and the seller is the executor of the estate.