One of my 2 rentals is currently vacant and I've finished up some small repairs and put out my trusty For Rent sign in the yard. So far I've had 3 people inquire about renting, 2 had dogs which I don't want and the other never got back to me after I said I require a full background, rental history and employment verification.... A few weeks back a nearby resident and Realtor sent me a hand written letter saying she wanted to buy the house for her son and could pay cash. I disregarded the letter because it seemed like an investor(she's a Realtor)trying to hawk a discounted investment property or she was fishing for listings. The house is not a run down rental and other than perhaps updating the kitchen cabinets and maybe the vanity in the master it should bring market value(260-265) or very close. I've put about 35K into it in the last 3-4 years, A/C, roof, garage door, fence, and appliances are all 3 years or less old. It was completely painted inside and out 9 month's ago and I put down new laminate flooring everywhere but the kitchen and bathrooms. In the last 2 weeks I had both bathroom showers and tub completely refinished/recoated and new fixtures installed. The tile flooring in the kitchen and bathrooms was just color sealed and re grouted last week. It literally looks brand new...….even the baseboards have been replaced and or painted....you get the picture by now. Yesterday I received an email to the address that I put on the rent sign(I don't like phone calls) and the same woman was wanting to know if I would be interested in selling her(her son)the house and holding a mortgage....I owe a little over 100K and since it's the nicer of my 2 residential rentals I had just planned on paying it off over the next few years and selling it when I retire. It's only 1305 sqft so I think it is somewhat limited as far as appreciation goes realistically, but it is also within walking distance to an A rated Elementary and HS. Since she had mentioned having cash in her previous letter I'm assuming she could put down a large down payment. With Florida's forgiving foreclosure protection laws I would want 50% down and I would hold a private mortgage deed at 7% with either a 5 or 7 year balloon. Having said all that I'm interested to see what some of you who are in the same position would do? Also if I held 50% of the selling price as a mortgage would I have to pay all of the capital gains on the selling price or just half?