I should preface this with, this is not an open door for me to loan, I do not offer my private money loans through this forum.

Will this optimize your tax position or legal position?

Quote from @Tony Thomas: We own and self manage three rental properties.

I met with a seller, and we have verbally come to an agreement on purchase price, interest rate, down payment, term length and monthly payment.

I have a rental property that I have put on Furnished Finders fir a couple of weeks now and was just wondering if someone could give me some advise on if this is the right direction.

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

Do you do cold calling or do you just send the direct mail and wait for a call from the seller?

does having a contract with a listing agent prevent you from buying properties ... directly from owners?

Could you recommend any resources or provide advice on the best way to approach this?

This is fascinating to me, let us know what you end up finding out.