If he passes away before the loan hits maturity, his children inherit the note and pay no capital gains.The benefits for the seller are that I was less likely to back out years down the road or running into a situation where I just couldn’t get a loan at the time of purchase or any other external factors that could have prevented me from executing the purchase.The benefits to me are that I own the place today, am paying down debt and building equity and I got to use massive bonus depreciation to help my personal tax situation.One thing I would recommend either way is have a couple banks look at the deal today to give you an idea of what they would like to see when you ultimately need them to finance the purchase or refinancing.

That could prevent him from selling any properties without paying off your judgement.

Hi, STR investorsJust curious what kind of services and how frequent you all order for preventative pest control at your short-term rentals?

Homes listed by a REALTOR tend to sell faster and for a higher price, plus you'll have an expert capable of negotiating for you, protecting your interests, preventing scams, complying with the law, and much more.

I'm still doing my homework before I purchase my first rental.What if I have a hard money loan that has a term of 6 months, and I can't find a bank that won't refinance until 12 monthsI'm thinking the way to prevent this would be to make sure that I have a bank lined up that I know for sure will refinance in 6 months.

I ensure there no preventable hazards in the property and tenants are aware they need renters insurance in the event something happens to the property I do not cover lodging or their possessions and have them sign off on that in the lease. 

I am looking to rent it out immediately but some of these repairs likely will prevent that.  

County officials may wish to prevent an 'investor' from denying their budget those excess proceeds. 

Kudos to Bloomberg for the research.It seems like the only way to prevent what happened would have been to use digital locks.

Having limited funds will certainly prevent you from offering an appraisal gap, which will make buying in this already aggressive market more difficult.