I am also looking for local meet ups to get some contacts and start experiencing the Austin area.I look forward to meeting investors in the Austin area.

You may also be experiencing some listing aging, where your rental has been sitting on the market so long, potential renters feel there must be something wrong with it if no one has snapped it up yet.

There would be no need for refinancing.This will not defer their depreciation recapture tax but it will defer the part of the gain that is over and above their accumulated depreciation, which could be quite significant if they have experienced a lot of appreciation.

I encourage you to pursue this deal.There is a lot of meat on this one, might be worth looking for an experienced investor to partner with.

Have any of you experienced a difficult seller like this?

I wanted to take a few quick moments to just say hi and that I look forward to being able to contribute to discussions as i become more experienced. 

I'm probably overthinking this but I'm trained as an engineer so there is precedent for this kind of behavior.I've read a bunch of descriptions of private money lending and I want to make sure I understand the details of the jargon used in these descriptions.

When banks were paying a higher rate on their deposits than they were collecting on their loans2008 financial crisis- where a mortgage was $500k on a house that is now worth $100kWith all that being said I have personally never experienced a true, nationwide downturn.

@Kyle Doney good to know others are experiencing the similar.

There’s no way I’d convert a duplex to a SFH . that would be like taking a v8 engine out of a truck and putting a little 4 cylinder in it !