The biggest pro to this deal is that the seller will owner finance for 5 years, a major perk for me as i only have so much capital and elders are hard to come by with deals in this price range.Any advise or insight would be appreciated.View report*This link comes directly from our calculators, based on information input by the member who posted.

@Mike MaHere's a link for the state of Georgia:https://dbf.georgia.gov/mortgage-company-applicati...We looked into getting our license there so we could buy NPNs there but we're not ready yet.Keep in mind that there's difference between servicing and loss mitigation.

I would also make sure to add Loss Rents minimum amount 12months of rent.

But since have rebuilt credit and capital for down payment.Is anybody doing new construction small multi family projects and how are you financing them?

In particular, The Essential Guide to Raising Capital should get you started.

The main area of concern is how lines 20-26g on the 4797 don't seem to have any provision for the deferred gain that is the whole point of the exchange, so when filled out it seems to show the whole gain as taxable capital gains.  

I imagine the lender will want to regroup its loss and make some money out if.

I took 100K depreciation and have 100K in appreciation, so let's say 25K in recapture tax and 20K in capital gains tax due. 

Set up payments with a loan servicing company to collect PITI with the payor paying the fees  and requiring the payor to carry a home owners policy naming the lender as the mortgagee/additional loss payee.

I understand that argument but except capital gains which one makes more sense form a cash flow point of view ?