The estimate for termite treatment is $425 for basic service.

And yes, if the IRS did audit you, they would likely ask enough questions to connect the dots on that linkage.A self directed IRA or 401k can be a fantastic wealth building tool that tax advantage of tax-preferred treatment of income, but it needs to do so on a standalone basis.

--------Three family members (Mother, Daughter, Son-in-law) formed a General Partnership with equal ownership.The Partnership acquired a mortgage and purchased a home.Two of the Partners (Daughter & Son-in-law) immediately moved into the home as their primary residence, and began to pay rent to the Partnership.Years later the home had appreciated in value and the home was sold.The Partnership purchased a new home and two of the partners (Daughter & Son-in-law) immediately moved into the home as their primary residence and began to pay rent to the Partnership.Does the sale of the first home and the purchase of the second home qualify for 1031 treatment?

desperate dad looking for solutions?

I would rather come up with a solution that allows me to uphold my end of the contract anyway, but one that doesn't cost me this much.  

Any creative solutions rather than simply wholesalling to fit this specific deal?

Here are a couple solutions to deal with down payment:1.

I would LOVE to be able to work something out with him but would need a creative solution to get these off his hands.

Section 1031 of the Internal Revenue Code (1031 Exchange) works in conjunction with Section 453 of the Code (Installment Sale Treatment). 

I've found very competitive rates for my clients with this company, esp. if you are willing to have a higher deductible (but even their 1% rates are great):Home Insurance Solutions http://www.hisot.com/ 1-877-260-0808 or 281-293-7744