I have an opportunity to purchase a home from a woman who wishes to remain in the home and lease it from me.

In one year from now, I would then get a bank loan for the remaining balance due her?

The depreciation then remains unrecaptured and the deferred tax not triggered while the investor enjoys the income.

We actually blow those metrics away with our data-driven staging and marketing, but the point remains, that’s the median for this market.

@Brit Hale Thanks for the advice, VA max in Maui County is 720k, our home mortgage is 660k, don’t think I can do anything with that remaining 60k

Your potential tax implications and credit impact should remain the same as you are the borrower on the loan.

Creditworthiness of tenants, recovery of expenses, and length of remaining term are some others to consider.Of course, market factors are just as crucial and diligence should be exercised in that regard as well.

Turns out the seller is paying 2.5% of the 3% commission, so I only have to pay the remaining 0.5%. 

Now with this last breach of contract, I was able to have my evidence he was not following the contract and was able to terminate him.Of course since I ended our contract he wants to put a lien for the remaining amount of the budget for work that has not even been done.

Extending Dennis' point, anything which requires a license (practicing law, being a real estate agent) remains the same.