As for the seller, unless both of you can come to agreement, he/she usually does not have much choice but  follow suit.Suppose after the first or second installment payment, the seller "elect-out" and went ahead report the entire gain, which is less possible since the tax involved here would be higher, but then you'll know you did what you're supposed to in tax compliance and owes nothing to the State.On the federal level, the buyer has a lot more pencil work to do. 

Sounds like you got a big plan ahead.  

Was there any way you could work out a deal ahead of time with the land lease holder to prevent FC?

I have watched dozens of BP videos, attended Guru events, read many books on REI and in my opinion the education from Renatus is light years ahead of any other education on the topic you will find.

Our map shows every person that calls the Garden State home -- one dot for each resident (go ahead and count).The result resembles a watercolor painting, showing just how and where the state's burgeoning diversity is springing from.

So effectively you come ahead by 14% of 10k. is that right?

The Four Spiritual Laws of Prosperity: A Simple Guide to Unlimited Abundance by: Edwene Gaines2. 

So do I go ahead and pick it up because worst case scenario I could just write off $55.7k against my income?

I am just a couple days ahead of you in joining.

Thanks ahead of time!