You may need it some day for an emergency, medical bills, or whatever.  

Whatever "incentive" money you put in the purchase agreement will just go to the bank to reduce the seller's short sale deficit.

You or someone would need to negotiate with the lender to reduce the debt.  

Can the profit from flip be used towards other property purchase with 1031 clause to reduce tax

I just got the word from my primary bank that we can move forward on a refinance on our primary residence and will be dropping to 3.6% on interest and reducing our 21 remaining years to 15 years.

Intestate probate can kill a small deal if there are multiple heirs or estate debt, especially Medi-Cal debt.

We have a good rent deal for the location, but any purchase (that we live in) can reduce our cost of living, and effectively: cash flow.

Hi Scott, A significant advantage of the LLC is the limited liability protection it provides for landlord & other situations in case the completely unexpected happens (accidents or injuries causing medical bills, etc.)

Keep in mind that you're reducing your profit due to extra closing fees.

I have been successful in medical sales and have some money to play with but I'm just not exactly sure where to start.