Since you’re still carrying that first mortgage, it might help to start by clarifying your financing options and comfort level with leverage.

That relationship alone is worth something, so let's keep the good vibe going.The bottom line is: they likely just assumed the old lease terms carried over, and they deserve the same fairness they showed you.

Focus on total monthly carrying costs versus realistic market rents, and consider factors like lot rent, utilities, and maintenance.

OOS has additional risks to local investors.  

If the potential pool of buyers is opened up by the seller willing to finance a part of the purchase price, the addition of so many more potential buyers will result in an increased selling price.And if the seller carry back financing can be wrapped around a low interest existing loan, then wealth accumulation for the seller can be accelerated, as they will be making money not only on their personal capital, but the current lenders capital as well.To illustrate the point I’ll provide an actual example of a transaction my partner and I completed about two years ago (I am “rounding” the numbers to make it easier to follow).

If your rentals are passive, the losses from additional depreciation will likely be passive too — so unless you or your spouse qualify as a real estate professional, you may need to carry those forward if your phased out of passive loss deductions or if you don't have passive income elsewhere.The tricky part here:1.

Dealing in real estate carries A LOT of liability.

You’ve got three levers: timeline, cash flow during rehab, and total carry cost.

Yup thats were you mine the gold in Notes seller carry back.. !!

THey get reap all the benefits while if investment doesn't return any value, they would not lose money, but LP is the one that's taking risk.