Hi Johnathan,I have several properties for sale in Texas. 

They had said they knew the house was for sale when they moved in, and were planning on moving out when it sold.***** So what I'm wondering is this...Let's say I wait to close until they're gone.  

We have sold 10 properties in the last 3 months and currently have 10 properties for sale through out the east coast.

Just to give some back story on the property, I purchased my first owner occupied 1br/1b condo in north Seattle for a short sale at 103k at the beginning of 2013.

Once acquired (currently rented at 900/mo w/ long term tenants) and I have appraisal done, I expect ARV to be around 85k.

Do you have the ARV and some comp sales prices? 

What are the real tax benefits to the seller when transacting via purchase money mortgage...I can see if the property is not a primary being taxed at capital gains for the sale...but what happens when the seller files taxes at the end of the year...how do they report income from holding a mortgage?...

If you are acquiring a property from a wholesaler for $25k, chances are they already have their assignment fee in the deal.

My first fix and flip will close in 60-90 days (short sale) in Howard county.

I'm also in the market for a rental that is for sale for 48k, but it's worth 80k located in Texas.