They must repay their deposit back before paying rent.

There are so many nuances to this and every market and deal is totally unique.

This feels like such a unique time when traditional routes are limited.

@Kishor RaoPhiladelphia is a unique city that it has its own city tax filing which many tax professionals miss if you don't know the city's tax laws very well.I am a CPA that invests in PA and as such know the PA state tax laws very well.

Thank yuo @Isaac Pepper, I really appreciate your perspective on this one as it is unique.

“we lent You $300k, we’re accepting $200k as repayment, forgiving $100k which we have to 1099 you for”. 

As I involve my self into new conversations and friendships I find that I seem to keep hearing a unique situation.

You would have to market this unique arrangement in the local paper or Facebook ads.

For those with federal/direct loans in income-based repayment plans, this has been a godsend.

Purchase price: $218,000 Cash invested: $6,000 Bought a Unique little house on a 1/4 Acre to rent out and let equity build!