Advantages to Landlord to sell to me the renterI've been renting a place for 16 years. I have a real good relationship with my landlord. I want to offer to buy the home. Funny I've already basically bought it twice for him living here so long. Anyway I want to offer below market lets say 350K Market is 411k. I want to give him 50K cash clean and clear and go on paper for mortgage of 300K. What are the advantages of him selling to his tenant? Are there any tax disadvantages to him for selling a rental property compared to his homestead? Would he have to pay income tax on this sale?September 23 2013 - Scotts Valley00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.