However, the arrangement triggers some special risks for buyers and sellers, and it's wise to engage professional help to mitigate those and allow the process to run smoothly.A local Investor-Agent who has experience in seller financing deals can help shorten your learning curve and save you a lot of headaches as they tend to understand the process better.Good Luck!

Engaging with both a CPA and an attorney who are experienced in real estate and multi-state taxation is highly recommended.Given the unique and intricate nature of your situation, personalized professional advice will be invaluable.

Dealers are typically engaged in the business of buying and selling properties for profit, and their profits are considered ordinary income, subject to both income tax and self-employment tax.

It's essential to keep clear records of how the funds are used within the business to ensure proper accounting and tax compliance.Consultation with a CPA: It's highly advisable for your friend to engage a Certified Public Accountant (CPA) or tax advisor who specializes in business and individual taxation.

Business Profit Motive:To claim deductions related to your YouTube channel activities, it's important to establish that you are engaged in the activity for profit, not just as a hobby.

So in truth, if a person has potential for a claim, and does not engage in it, your just shooting yourself int he foot because your going to be paying for it and not receiving the benefit. 

Did the buyer engage a surveyor to perform an ALTA/ACSM survey?

Madsen is an excellent presenter and really knows how to engage his audience.

A reliable tenant is someone whoHas stable employment in a market segment that is very likely to be stable or improve over timePays all the rent on scheduleTakes care of the propertyDoes not cause problems with neighborsDoes not engage in illegal activities while on the propertyStays for many yearsHow do you find a segment with the highest percentage of reliable tenants?

Know the law, obey the law, treat people honestly and fairly.Anyone can sue anyone.. but most tenants don't have the money to engage in litigation.