A couple points from a first read of the details though it is far too early to tell:1) Extending the time period requirement for tax free gains on personal residence will hurt,2) There is some discussion of making edits to like-kind exchanges though it is not clear how that will work,3) The $500k mortgage deduction piece and property tax caps are individual tax provisions. 

Hi @Haley Mistler I don't see how you could do seller financing.For the buyer, seller financing is very similar to bank financing except that the seller (you) is now the lender.You could have done seller financing if you owned the house free and clear.But considering you have a mortgage on the house, you can't really extend a secured loan to your family collateralized on the house without paying off your lender.Ultimately, it seems like you really want to help your family member while no longer having that house as a liability.I am not sure if you have looked at it, but if I were you, I would check with a mortgage broker if there is any way they could get a loan in their own name.I imagine rates have gone down since you bought it, so they could have lower monthly repayment and if they really cannot afford the down payment.Assuming that they have always paid their rent on time for the past years that you have had them tenant, the main concern would be coming up with a down payment.Ultimately, I see great benefits in shifting your liabilties and getting rid of that property and sellling it to them.Considering that the amount owed on the house is what it is worth now, you would saved real estate commissions by selling it to them.Those savings could be used towards their down payment maybe?

If they are not on board with STR or even Corporate/Nursing rentals, this is likely to considered a 'loophole' and they may attempt to close it by extending that out to minimum 6 or 12 month leases.Don't let things get contentious when you meet with them.

Now according to the listing agent, he is okay with extending both of those dates, and he is supposedly submitted the extension amendment form to the seller.  

This is my first post as a member so first off, let me extend an enthusiastic hello and gratitude in advance for the input that comes along the way!

It states that lending money or extending credit to a qualified plan by disqualified person is prohibited.

The sales agreement would extend me the option to repurchase their shares in the LLC at   some future date for their purchase amount plus a specified annual fee, for each year they held it or some   fractional amount thereof.

Have to extend my 3rd sale out to Jan to avoid medicare tax on my wonderful 15% cap gain rate.  

I didn't want to over-extend myself my getting into a place that needed a lot of maintenance, but I living somewhere that close would be ideal. 

It is just an interest only loan for the first year, which i pay only interest and after 1 year i have to revisit this if i plan to extend the term but i have to pay down atleast 5k in the principle to extend the term after one year.Two weeks ago, i got engaged to my girlfriend of 4 years.