When you have someone who is motivated by the "D's" in life you have the makings for a wonderful deal for you (Drugs, death, disease, DUI, divorce, dumb decisions)You definitely don't want him to just give you a quit claim deed for various reasons but my guess is he'll sign any type deed to get the money  and be out.

Maybe they keep a record of addresses of drug busts.

For example, the previous homeowner’s seller disclosure checked yes there has been “Previous Roof Repairs” and “Previous treatment for termites or WDI”.

For example, the previous homeowner’s seller disclosure checked yes there has been “Previous Roof Repairs” and “Previous treatment for termites or WDI”.

I found a terrific building, but once I started doing research I realized it was in a very high crime area (murders, drug dealers, etc). 5 blocks away from the building was fine, but the exact location of the building was a really bad area.I would definitely visit any property you're thinking of purchasing, as well as talk to the local police about the area you're considering.Good luck!

@Bruce RunnSounds like Jordan may have waited long enough to get capital gains treatment but it would have helped a little if he did a partial 1031 into one of the new properties.

That's the issue to fixin today's digital world I recommend taking payment electronically only. even my drug dealer takes venmo, Time to bring business into the 21st century.

Be sure to take some time to really drive around neighborhoods in these areas, as the east side of the river is still really hit or miss with pockets of drugs and otherwise trashy/ sketchy areas.

I'm neither a lawyer nor an accountant, but I recommend Googling "closely held corporation" and then asking your tax accountant how, if any, the proposed idea might impact your overall tax situation (https://www.irs.gov/faqs/small-business-self-employed-other-business/entities/entities-5: A closely held corporation is subject to additional limitations in the tax treatment of items such as passive activity losses, at-risk rules, and compensation paid to corporate officers.).I've read that when two closely held corporations owned by the same small group of shareholders do business with each other, the IRS sees a red flag because some people try using this approach to evade taxes.From my readings of personal finance articles, this additional scrutiny is based on whether there is an "arms length" between the two parties in a transaction. 

I also LOVE @Jenessa NeSmith’s royal treatment!