From that point forward, he deducts only the interest portion of his payments.Each payment that seller receives, including down payment, is divided into 3 parts:Fully taxable interest componentNon-taxable portion of the principal component (return of the $180k, more-or-less)Taxable portion of the principal component (taxed under a mixture of capital gain rate and depreciation recapture rate)Details and formulas are quite complicated.Special rules for sales between related parties.

@Elliott HallAn IRA of any type is not generally a good component of a pre-59 1/2 distribution plan. 

I've been in the environmental field in Florida for the past decade, helping land development clients through the myriad of wetland and listed wildlife species regulations and permitting.  

Safe work practices prevent the creation of environmental lead hazards and the unintentional exposure of the public to lead hazards.

I'm so happy I found this place and I know it will be a key component to my success.

There are specific laws regarding each component that requires deleading.

Many don't, or just bundle the straight-line components together without details.

You can bring a good sized generator, 8k watts or so, to test electrical components.  7 days is typically the longest inspection period accepted.

This list "checked the box" in my mind but didn't even begin to address the components of a successful rental portfolio.

Generally, if you aren't adding or adjust electric, plumbing, or structural component or replacing furnaces or hot water heaters or adding AC, you should be ok.