You won't have to file any additional form, but when you do your taxes your have to explain to your CPA that you did a 60-day rollover, he'll know how to property mark it on your tax return. 

So the fee actually turned out to be an additional 13.33%.My point is, what looked like at first to be 8% + 1% loan turned out to be 29.33% APR!!!

In addition I am particularly interested if you had to pitch the idea to a seller that had never heard of it before.

Feel free to tag me with any additional questions. 

Cash>Check>ACH>Credit card.Credit card: Disputable up to 90 days by the click of a button with minimal verification relative to the other methodsACH: Disputable up to 60 days by informing the bank in writing (and with a higher level of verification by the bank)Check: Disputable up to 30 days after the customer’s bank statement is issued and requires the customer to prove fraud or identity theftCash: is king - however the chances of getting your tenants to send you cash every month is nilThe goal of any investment is to reduce risk (or be duly compensated for accepting additional risk).

As I work to grow the number of rental properties I own its seems like a reasonable addition to the lease as a requirement. 

Outline everything for them and take their advice.In addition, once you have the rest of current months rent, get it to the landlord.

Additionally, the maintenance/repair includes a partial remodel of four units.

I am speculating it will sustain some growth in the future with the addition of the Navy Special Warfare compound, but is anyone else investing in IB right now? 

Now, if the purchase price is above the current mortgage amount, then you and the seller workout what is acceptable terms for making for paying back the additional monies.