Look up the tax bracket and help show the seller how much money they would be giving away in taxes right off the bat from that $160k (unless they are doing a 1031)All in all.

If they have lived there for 2 of the last 5 years, they could do Subject To, Contract for Deed, and probably get the tax exemption.

I'm looking to for a personal property for myself, I found a really cheap 1br co-op unit.. this is in New Jersey.. especially in the area wont find single family or townhomes, under 300kThe price of the co-op unit is around 130k, but co-op wants a cash purchase also the fees are $600 a month which are the taxes and HOA feesyou have to live there 1 year before you can rent the property out.. rent for this unit goes for $1600 a month my plans were to live there for 1 year and then rent it out. 

In 2023 it brought in around $8700 TO ME (after PM fees (20%), taxes, and everything are taken out) when this places costs me $40K per year between mortgage and HOA fees and all the other incidentals that come with being an owner.

The biggest thing that helps me to make a profit on vacant parcels is not to pay much for them in the first place and to find property owners who hate paying tax on some piece of dirt they never set foot on.  

I self-manage and I just give my accountant for tax forms and total for whatever I spend in appliances or anything else.I need to upgrade my Quicken 2014 Home and Business.

I've never claimed tax deductions for this repair. 

Adding them to the title to avoid the property tax hike that will happen once my kids inherit the property. 

.- Avoiding Hefty Tax Burdens: By spreading out the sale over time, you may mitigate the impact of capital gains taxes, making seller financing a tax-efficient option.- Legacy Planning: If you're concerned about leaving a lump sum to your heirs, seller financing allows you to pass on your wealth gradually, ensuring financial stability for your loved ones.- Minimal Hassle: Seller financing eliminates the need for bank involvement, reducing paperwork and streamlining the sales process.- Assured Sale: Choosing seller financing may attract a broader pool of potential buyers, beyond myself, increasing the likelihood of a successful sale.I believe that by working together, we can find a solution that benefits both of us.

Your contributions this year come out BEFORE tax.