In a case like this, I would structure every facet of the lease to my benefit - i.e.

As I understand it we have already committed to crediting the difference in your higher interest rate payment (in writing on 4/29) to show you that the delays in your financing will result in no financial benefit to SBL or additional cost to you. 

If you sell the asset you get a lump sum and save $50k in taxes but if you keep the asset and leverage it you still get to use the equity to make another investment while still reaping the benefit of cash flow + appreciation + debt paydown (your renters are paying down the mortgage.

I will mention that after I got through the guide and a few networking events, I benefitted from the House Flipping and Rental Property Calculators available to PRO members.

@Veronica Pollán - I would stick with HomeAway...they are owned by Expedia now and as hosts I believe we'll be reaping the benefits of that as we'll have exposure through the Expedia website channels.  

I'm looking for advice and experience about the benefits and risks of taking advantage of this offer.  

What were the benefits and drawbacks of being a student of his?

And you're probably - though not always - benefiting from increased equity.

Also, if anyone has any other suggestions for area insurers that might benefit me more, let me know!

So, it looks like he stepped in that one, too.Conclusion:  he will pay capital gains tax on the $120,000 in the year of sale; he will report $82,500 of annual interest income; and he will get no benefit from the $60,572.04 portion that he sends to the original owner.