Curious if maybe your phone has the capability to create a 360 tour?

My question is if I want to use these funds (the cash received = appraisal * 80% minus outstanding loan balance) to purchase property for personal use (primary residence), if that creates a taxable event?

Someone could buy on contract and run down business, create further potential environmental liabilities, fail to make payments, and the market could decline.

I agree, none of the big players that I have ever met (or any of our clients) created wealth through cash flow, that’s antiquated.

This will create a Tenancy in Common that gives each of you a 50% ownership in the property. 

This wiring is rated to 60C cannot handle the level of heat created my many modern (pre LED) fixtures ... most notably pot lights and halogen fixtures.  

When the professor establishes a long term NNN lease with the old tired landlord, the landlord retain "fee simple" interest, and the professor creates an "equitable interest".

I define critical mass as: "Enough free cash flow to handle all my financial needs in life, create abundance, AND be able to actively expand my business or invest in new ideas as I see fit."

They also did not want to create a mortgage under an LLC.

AJ Harris I am able to save about 20-30k a year and with that you can buy a turnkey rental (not the greatest thing) but that will create a few hundred dollars of cashflow a year.