Perhaps you could have underlined the words “until the property is sold” and added a fine print that when the property is eventually sold the taxes due will be more than the taxes saved because depreciation recapture is taxed at a higher rate than long term capital gains rate 😏Here is a an example of someone paying thousands of dollars in tax preparation each year in order to record the paper losses noted in K-1.https://www.biggerpockets.com/...

My wife has a finance and accounting degree and she works in accounting at a bank.

Ideally I'd find a finance partner looking to hold a 3 year balloon note for $420k with a 30 year amortization and 8-10% interest, how do I find somebody like that?

The Credit Department will then generate a FINAL Commitment Letter and close the transaction through escrow.4)Pooled Fund Investing is the combining of capital from multiple investors which, when added together, create greater purchasing power (and thus more diverse and higher returning investment opportunities). 

Defenitely negotiate and perhaps meet in person with them to seek clarity and a final resolution. 

The attorney requires a final payoff amount to the hard money lender.

I know I need to do a final inspection and tell them to return the keys and I return the security deposit. 

Its a fine line.

However, when I went to do a final inspection tonight, he still hasn't finish packing and moving his belongings.

Or should I set on a final sale price and a separate lease agreement for the monthly rent?