HELOC loans are fairly widely offered, so call up your local lenders and see who can offer you the best terms.

Hey @Buyan Thyagarajan, if you are purchasing with cash, your closing costs would simply be the cost of running title/title insurance policy and the cost of transfer tax (1% PA wide + whatever extra the county charges, 4.28% total in Philadelphia, 2% total in Delaware and Montgomery Counties).

Taxes vary widely, as does a host of other things.

What would be their motive; 1032 money to unload, depreciation angle? 

Copper Mtn was just getting going  And Beaver creek was just a wide spot I remember clearly seeing a big for sale sign..

State wide, the taxing system is the same where residential property taxes are determined by the taxing authorities mill levy.

I will give you the PM angle on this - to answer your question: yes this is common.

Buying this program would just give me knowledge of a different angle in investing that I may want to explore. 

Look if you take on debt and risk you need to be paid for that , if you are not being paid then don’t do it . i agree and im trying to look at it from everyones angle. i guess the problem im running into is that in my high priced market if i purchase a duplex and rent out the other hypothetically lowering my bills to say 800 a month or do I buy a single family house that costs hypothetically 1200 or so.

Nj has a lot of Consumer Rights which I intend on using but am trying to see if another angle could help to get resolution faster.