I'm waiting to hear back from a real estate lawyer, but the way it was explained to me, is that this is essentially party of the selling price ($150k), but the deal is structured to reduce the state transfer taxes based on the $135k sale price, defer capital gains income into the next year for the seller (frankly, I think the 15k would not be capital gains, but I'm not sure), and reduce our monthly mortgage payments over the year.  

Where can I find standard REIT contract verbiage and how the deals are structured?

Hey People,I met this guy that wants to get rid of his property (for what he owes) and i'm a little lost on how to structure this deal.

“But one of the smartest strategies of the world class is doing what they love and finding a way to get paid for it.”On the other hand, middle class take jobs they don’t enjoy “because they need the money and they’ve been trained in school and conditioned by society to live in a linear thinking world that equates earning money with physical or mental effort.”I would have taken the risk and started my own business like I considered after college instead of taking the first job offer that came along.

-Type of structure and age, 2 story exterior corridor, 70's motel...etc etc....Do you have a photo?

Eventually you will recognize a potential good deal on your own simply by spending time looking online and physically visiting homes in the areas you would like to invest.Another thought is determining just how much rehab you are willing to do. 

How should I structure closing to insure my buyers interests are met?

I have $1M in liability on each of my properties and I have full confidence in my business structure that there is no reason to try and complicate the situation with partnerships, LLCs, S-Corps or any other corporate entity that seem to be in favor in any given year. 

I told them no, that I would sell to the tenant, and that it didn't need to be listed for that to happen because our deal isn't structures that way.  

He's unemployed and has no way to pay for them, how do I structure this so the back taxes get paid with my buyers funds?