Or at least one your accountant is willing to defend to the IRS.

If he has a local business then you should be able to check out the reputation of that business and determine if he has the means.Also, asking for his taxes for the last couple years might be a good idea.The other side of that coin, if he has a successful business and only pays himslef 18/K per year, he may soon have issues with the IRS.

You try to get the seller to go for 7 year term an 30 year amort. at market rates 5% for int. rate.If they go below market interest rates there is imputed interest from the IRS on the seller but it doesn't affect you.No legal advice.

I have been searching for the past 6 months looking at the MLS everyday, found 4 potential deals with 2 in the work.  1 of the deal I'm working on for 3 months now with IRS lien, that's is why nobody want to touch it.  

The areas with good schools, Seminole and Palm Harbor are also hopping.

And because of huge layoffs within the town, the apartment complex took a big hit and went under and because of that my parents lost everything along with the IRS slapping liens on them until they were paid off.So he's been a great mentor to me through all of this.

Use a FICO Improvement coach like Blair Warner http://upgrademycredit.com/services/The terms I use are term 12 months, with possible extensions, 3% down, market rentsales price =  current appraisal or within 5% or current appraisal.Understand you have to also look at what the IRS considers a disguised installment sale and to prevent that.See http://www.biggerpockets.com/blogs/3/blog_posts/40...Best of luck!

If you do, it wouldn't be a stretch for the IRS (or a jury) to construe the contractor as an employee, and that could put you on the hook for extra taxes and -- worse case -- liability in the case of an injury or death.

You also have to check for IRS and county property tax liens.  

http://www.irs.gov/pub/irs-pdf/f1040se.pdfHere is the link.