Unlike traditional mortgages, however, tax and insurance payments generally are not rolled into monthly debt service, and the buyer must make them directly.At the end of the loan term, the buyer either makes the balloon payment or obtains a mortgage refinance and pays off the sellers with the proceeds of a new loan.

HiI hope you do not mind me providing some insight.

New Member here, I live in palmetto, I'm looking to grow my business, I'm new to real estate investing but not new to home investing, I own c2cmobilehomes.com amd sell roughly 400 mobile homes a year but all on rented land, I'm in the middle of my 1st real property investment, hoping it goes good and I have many more in the future, if there are any wholesalers in the area of manatee Sarasota I'm looking and ready to buy rehab properties... 

If you qualify for REPS and own rentals, you unlock tons of tax benefits. 

In this case, after speaking with local real estate agents, a local appraiser, and a half dozen lenders, I think (hope) I'll get away with my err in judgement this time and procede as "by the book" as possible going forward.Regarding the insurance, everyone has stories about insurance companies trying to weasel out of their coverages.

I took the tax deduction in 2018 for my loss.

I have a property with the following attributes (summarized) and am hoping to get some guidance on the best way to finance with my business partner. 

An overarching passive income managing agent, with tax and LLC/trust expertise would be the perfect fit. 

Alternatively, I could use money I have saved in my Roth 401 K to pay it off, tax free.

Most of the other regular costs associated with the loan apply... appraisal, doc fees, county taxes, etc.