What are the taxes?

Explain him benefit of owner finance based on his tax structure, since how long he own and what is his plan (Cash, 1031 exchange etc...)What are some questions that I should ask the seller during our meeting?

My monthly cost are below.Mortgage - $640, HOA - $334.50, Prop. mgmt - $95, Taxes & Ins - $105Clearly a losing proposition, not to mention finders fees of 75% of first months rent, and any maintenance costs or assessments.On to my question.  

I'll want to separate my personal and business expenses from the very beginning and I will be opening a business checking account and business credit card to help me do that.

I guess they are buying tax sales or they are buying from owners that are tax deliquent and don't want the lots.

I teach my clients to have all the expenses on auto withdrawal  ( mortgage payments, monthly assm, if needed: tax and insurance) and have the phone number of few handymen on speed dial.

You can use the calculators on here to present the deal to a buyer(free for 3 uses unless you upgrade to a pro account) with a breakdown of the estimates(you want to be as accurate as possible), and you can find templates for the contracts here(but your contract should be reviewed by an attorney in your area), and there are plenty of list services(a lot of people mention List Source) and direct mail services(sometimes combined with list services).

Are there any taxes?

After all, their money isn't earning that much sitting in a checking or savings account so they may be happy to loan it to you for as long as you like.

All profits and expenses are then divided 50/50, so the 50% owned by you would be subject to capital gains and the other 50% owned by the retirement account would grow on a tax deferred basis.