Hello Jesse,So did you end up working with renttoretire?

I would bring this up as the first item to lenders to see if they can do your loan.

potential value up How did you find this deal and how did you negotiate it?

Attorney's should help set up entities.

@Casey HamptonThe capital gains tax scenario for selling a primary house entails excluding up to $250,000 in gains as a single filer and $500,000 as a married couple filing jointly.

However, in this case it’s worth circling back in 3 months, 6 months, or a year because this seller wants to sell, he’s just not ready to give up his fantasy deal.If the seller’s response is acceptance of the outline of my offer but countering on price or terms, it may be worth negotiating because we MAY be able to get to YES.My biggest profits have occurred when I made offers that were nowhere near what the seller was asking and yet WERE ACCEPTED, or with small modifications. 

or rent it out and downsize my life to save more.If I rent it out my property taxes will go up to 6% since it will turn into an investment property. 

Have you read up on their by-laws to see if you need to use in house management or any other rules?

Mine does not mark up on maintenance, they hire people and charge what it costs. 

If you do end up working with him please tell him that you chatted with me, he will be glad to hear it.