Hi Michael, My husband is a realtor, I believe NJ recently updated the contract form, you may need to go through the proper channels. 

However, thank you for properly diagnosing my question and answering in an easy to understand manner.  

That debt will be settled out of my own pocket after closing.The moral of the story is to find a competent attorney that understands what you are trying to be do, so that all of the proper documentation can be created and filed. 

Understanding what proper paperwork I will need before, during and after the buy and OF sale.*** When buying the MH;Submitting a SOLFill out & attach Form B if I am taking over a lien or foreclosure for lien.Apply for Texas Seal if home does not have oneSign OF deal.Create a bill of sale plus receive the deed. 

from a tax perspective are we better off of now, with only 1 property to not do llc and keep reporting of income on our personal taxes in the schedule e?

Please feel free to contact me here or my direct e mail and we can talk about doing some dealsThank youChris

I have gone thru the password reset process 2-3 time over last 2 days since I couldn't get past login screen ( so clearly I am at least typing in my email address properly lol). 

If it's a new home w/ mechanicals that are old but operating properly we've tended not to replace the mechanicals.  

I've had several rental proper in Amarillo for the past 24 months. 

I have day job,  two incredible young kids and wife, small e-commerce business, and a duplex.Life seemed tough this year and I don't want to keep living paycheck to paycheck.