Whatever "incentive" money you put in the purchase agreement will just go to the bank to reduce the seller's short sale deficit.

Especially in LA where you can find people in good situations that may not have the time or energy to get the most out of a property. 

You or someone would need to negotiate with the lender to reduce the debt.  

Can the profit from flip be used towards other property purchase with 1031 clause to reduce tax

I just got the word from my primary bank that we can move forward on a refinance on our primary residence and will be dropping to 3.6% on interest and reducing our 21 remaining years to 15 years.

One of the big risks that upon have is that if a probate is opened, your ability to control the deal will be reduced, perhaps radically if a court order confirming sale is required.

We have a good rent deal for the location, but any purchase (that we live in) can reduce our cost of living, and effectively: cash flow.

'~'I had always loved energy conservation, so that led me to REAP (Renewable Energy Alaska Project), which led me to ACHP (Alaska Craftsman Home Program) and their FREE classes to conserve energy and save money in the home.

Keep in mind that you're reducing your profit due to extra closing fees.

If not, how do I get it reduced?