With my prior experience in both traditional commercial lending, government programs, and tax incentive programs (TIF financing, LIHTC financing, and NMTC financing) I hope to be able to add value to other members while also structuring several deals and manage assets.  

I'm trying to find out the tax implications of a seller finance I'm considering.

It seems to me that because of the increase in the standard deduction with the tax reform, that I don't really have a big enough mortgage to get any additional tax benefits. 

So I see Tax Overages are starting to get popular again.

I’ll see if I can go in that direction.Worse case scenario convert IRA in-kind-distribution-and pay the taxes/penalties on the conversion.

However, if you purchase a primary residence in another state, look into their homestead exemption laws before you get tempted to claim thatMy husband and I are residents of Texas, we own a home in Georgia (although ours was a primary residence at the time, not a STR or LTR like yours will be), if we had claimed the homestead exemption in order to save on our property taxes we would have been required to change our residency to GA and pay state taxes. 

Also NJ kind of stinks because of property taxes being crazy. 

After scrubbing my AgentPro247 list of delinqent tax and absentee owners, I have a satisfactory one page offer form, but I need the text for a good cover letter. 

Yes, you can go to the home and offer the homeowner a deal that keeps them out of foreclosure and pay their tax bill or you will pay it off by the foreclosure date (try to do it about a week early  to make sure there's no foreclosure that goes through anyway for a communication problem). 

I'm not positive how much an investor would be willing to pay in Woodbury, NJ for a rental (and should probably hammer this down more), but I found the house to be just break even (after 5k in taxes, vacancy, repairs , etc.) at a $60,000 purchase price and assumed $1,100 for rent.