I posted on FB that I was going to start buying rental property and this guy reached out to me from high school and said he had a property he had been trying to sell.

The best strategy to do an assumption is to have your documents in order to you can start the process right away. 

Hello all,I have a few questions about wholesaling in general & the process itself. 1.

However, if, and when you go to sell, it may become an issue for you.

We have not been able to sell the house as of yet.

Hi Sarah, thank you very much for your interest. to begin with your question, first of all; although Rategain host many solutions it's main selling point is its ability to connect with over 400 platforms by using it's channel manager solution, meaning that I will still need to find another PMS solution like Opera which means I will need to start all over again in terms of setting up the accommodations and their settings, which I am hoping to be able to avoid.

Should I just sell as is and take the loss?

If you decide to invest in Puerto Rico, please keep us posted and share the process with us.

He would like to sell the property while minimizing his tax liability, which ideally would be an additional land contract to our company. 

We don't sell you the home as they do, rather build it out at cost +fee for you, allowing investors to enjoy the upside in price.