The landlord/seller must provide the Buyer with a recent survey or a current plat; copies of liens, restrictive covenants, and easements; a Seller’s Disclosure of Property Condition; a disclosure for nonsubdivision properties stating utilities may not be available until the subdivision is recorded; tax certificates; a copy of the insurance policy showing the name of the insurer and insured along with a description of the insured property and the policy amount; a seven-day notice letter; and an annual accounting that includes amounts paid, amounts owed, payments remaining, taxes paid, and the amount paid for insurance premiums plus an accounting for any insurance proceeds.

I can sell the vacant land well below comps and still end up with little or no money in the remaining rentals.2. 

The minimum earned premium is $250 so either plan on staying on that policy long enough to use up the $250 or you will be charged the remaining if you sell.

The property is a foreclosure and will need a cosmetic rehab, so I want to use my remaining funds for that.  203k is not an option because I've got my last extension and need to close in 30 days.

Instead of moving into the property can she keep it as a rental property and basically pick up where her mom left off, claiming depreciation for the remaining 17.5 years (or however long she keeps it).

If a FSBO says, "What's a buyers agent commission"I say "It's where you pay the buyers side of the commission, I charge 3% but you remain unrepresented and I represent the buyer".Personally I have no problem being the buyers agent for a FSBO because I have a client to protect.

Partner is providing the Down Payment, While I am Signing for the remaining balance of the loan.

so the remaining 70k is still going undetected by the IRS.The logic of this thing makes zero sense.

The remaining $5k in earnings normally would be subject to 10% penalty($500) and be added to your annual income and also taxed.

Since the trust agreement specifies the ownership structure of the Trust and that trust agreement is not made public, the Client's name remains anonymous.