I would like to build relationships with others have the same goals, mindset and passion so we can equally grow.There is enough for everyone.

If I took out a conventional loan and put 20k down on a property with an equal purchase and appraisal price can I refinance shortly to get my 20k back? 

Back out their rent for the 2 months including a security deposit equal to one month's rent per unit.

So, my max offer is $167,000 here plus the inventory of $32,000, minus the $4,000 to get it there, equaling roughly $195,000.  

They are all equally important, and are all intertwined in use.  

Unfortunately all LO's and lenders are not created equal.  

So his estate taxes are $7.276MM less $2.126MM equaling $5.151MM.Estate taxes of $5.151MM plus capital gain taxes of $3.808MM equal total taxes of $8.959MM.

All things equal LLC is always a better option it takes just 2 forms to start one (one for IRS one for the state) but I believe the op is asking if it is kosher and if there are any special steps to take before setting up an LLC while still having a mortgage on the property in his name and also residing at the property. 

Obviously if there's an emotional attachment there must be an equally strong or stronger motivation for him to even consider selling.When he pushes again, remind him that you're trying to work towards a common goal and that in order to achieve that goal and help him, you can't give him any more on the price.Dealing with sellers you have to be strong saleswoman and a strong negotiator.

If you do the math, a property with a loan can have an equal or better return.