Lessee is responsible for all STR taxes.

But I would have the HELOC paid off.

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

I have recently started writing down addresses of run down or abandoned properties that I would like to purchase, but I only have the owner's name.

You have tax benefits through depreciation and you are gaining experience via property management.  

Especially if your son could then try to sell his primwry with the ADU under the sec 121 tax exemption I wonder if he could sell you the land?

The only reason we don't qualify for traditional lending is because I took some time off to help my terminally ill father, and my husband has been in a commission-based role for less than a year (the lender said you need 2 years of history for that).

some hype but also a lot of good information.also remember: seller finance of a paid off asset, lower risk. 

If it's worth $1.3 million today, it will be worth $3 million or more in 20 years, you'll have paid off the debt (or most of it), you'll earn at least $3 million in cash flow over those 20 years, and you'll have tax benefits.

@Andrew NovitskyNever heard of themWhat turned me off is on their site they have education and merchandiseHow many funds have the launched?