Second: You will need C) Executory agreement (add clause that if you default on the payment, seller can take back ownership D) In addition, a purchase an sales agreement reflecting the subject to the existing mortgage note, under the seller's nameGet title insurance with the seller as a secondary in addition to the insurance already on the property.The purchase agreement reflecting both the equity payments and mortgage subject shall be executed and held deed to property, via this hybrid transaction be transferred into the buyer name..The deed, instead of being recorded at the registry, triggering a potential risk of a due on sale clause, shall be held in a mutual accessed safety deposit box along with the executory contract.

Tenant's stove, as in, the tenant brought her own stove, which was reflected in her lower rent.

At a minimum, it reflects revenue credibility to underwriters especially when they have flexible criteria for their loan products. 

Often when you get a high quote like that I reflect back to an old friend of mine who was a contractor in the Atlanta area who told me if he did not want the job he would throw out a high bid hoping they would find someone else but if not, he simply made twice what he usually woudl and took the job. 

In addition to that, when looking at listings on Zillow, Realtor, etc, rarely do you have an indication if that tax value reflects a homestead exemption or not, which you as investors would not be able to take advantage of

Stating that just because the schools are lower and income in the area is lower does not exactly reflect to poor tenants.

This sale price reflects the property's enhanced value due to the thoughtful and well-executed improvements.Profit Calculation:Sale Price: $205,000Less Purchase Price: $70,000Less Renovation Costs: $38,000Less Holding Costs: $5,000Total Profit: $92,000 (before any additional transaction fees or taxes)This project underscores the effectiveness of strategic property selection, focused renovations, and market positioning.

The settlement statement has to reflect the 1031 exchange. 

@Jacob Walls this may not help much TODAY, but for long term purposes if you end up investing quite a bit... name it something the reflects the intended purpose of the business that owns it. 

The 9-year period in that REO property not only allowed me to reflect, heal, and learn, but also offered me the financial ability to move forward.