It was an unexpected purchase as the former owner owned about 1/3 more than the $112k I purchased it for.I'm also a RE broker and I list a lot of REO homes.

Since I'm the oldest I suppose I'm Bill :)I don't see any reason that you can't take the standard provisions of a 1031 your you rental property, Bill E is the 1031 expert here and he may be speaking to the requirement for the ED under some other benefits allowed in such cases.

@Sydnie E

@Matt E. , how are you financing the deal?

The level of investor involvement in the project is also always an issue so for the remote, 'hands off' investor, half of profits might make $en$e or might also be excessive.

As previously mentioned, if one of the first things they ask is if you run a background check you can often write this person off your list as a potential tenant.Gail

I also offered to e-mail a link to the City schedule so Mom could continue to tell her.We deal with that in the same manner as other immaturity pains (such as shovelling both the front and back steps and walk ways at our houses), we warn them 2-3 times, then we hire someone to do it and send them the bill.  

Condos aren't the best investment, so you may want to confirm you have condo buyers on your list as well.

I would do that before I would spend countless hours hunting around on the internet trying to learn you don't know the validity of those on the internet anymore than you do the guru's they could be one in the same.But like on said most of the info is in the written material and CDs jump on one of those on line buying sites like  e bay or amazon and buy a used Carleton sheets course.. a used Montalongo course or any other guru you can think of.. probably get the whole thing for 50 bucks plus shipping then read all that info... if your worried about spending too much.Also sign up and get a RE license if you really want to learn and get into the industry.

@Cory E.