The gondola anchors the upstairs bonus room where it shares space with a 70-pound Monstro the Whale tooth, “Pirates of the Caribbean” pinball machine and hand-painted attraction signs once attached to the side of the Disneyland Omnibus.

If he passes away before the loan hits maturity, his children inherit the note and pay no capital gains.The benefits for the seller are that I was less likely to back out years down the road or running into a situation where I just couldn’t get a loan at the time of purchase or any other external factors that could have prevented me from executing the purchase.The benefits to me are that I own the place today, am paying down debt and building equity and I got to use massive bonus depreciation to help my personal tax situation.One thing I would recommend either way is have a couple banks look at the deal today to give you an idea of what they would like to see when you ultimately need them to finance the purchase or refinancing.

This was listed as a 3/1 but I noticed there were two additional "bonus" rooms and plumbing was started for another bathroom.

Not every city has "bonus tenants" such as students from universities, government employees from state capitols, and armed forces from military bases.

When you convert the property into a rental, you will use the fair market value of the furniture and get bonus depreciation deductions on these.

Any savings you have from renting your current place can be a bonus. 

If they reinstate on the arrears that they are behind on, that is an added bonus

-Do I pay off the rentals, take lesser ROI/appreciation but higher cash flow and enjoy greater financial security but at the expense of more exposure to lawsuits?

I’m not *really* a newbie at managing real estate, but definitely never looked at it as an investment the way a lot of folks on here do, and exposure to this community has led me to question my mindset, so I’m looking for your thoughts, please. 40 years ago, my mom bought a piece of garbage house in a small neighbourhood of Brooklyn, NY.

Owner gets $100/month extra, and a tenant that is getting the place professionally cleaned multiple times a week, and you get less exposure to lawmakers deciding they don't want STR's (BTW, Philly just passed an ordinance requiring operators to pay extra taxes and get a permit, which requires a business license and so on).