But if you are looking at the same property I am that they have for sale...the hoarder house.

Sounds like this may be a short sale.

The way I see it, I’d make some money on my sales commission, but most importantly have my first deal in the bag and a potential blockbuster that would allow me to attract future capital.Your thoughts?  

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

If i sell my former primary home on a land contract vs a traditional sale, am i still eligible for the gains exclusion?

Sale price: $550,000 Complete renovation of historic New Orleans Cottage.

Sale price: $550,000 Complete renovation of historic New Orleans Cottage.

Just reduce the sale price by those "credits" from the start.

We are considering picking up our 3rd STR via a LO as a way to get a property quickly vs. waiting to accumuluate the 20% down payment required to finance.My questions is, since I would not be the owner on the deed, would I have issues with obtaining a business license to operate a STR and pay the hotel/motel and sales taxes or would I need to involve the owner of the property?

Seller can contribute up to 6% of the sales price toward your closing cost on a primary purchase.