FIRE? 

Some deals might only leave five thousand, while others could leave thirty, depending on numbers and risk.Think of it this way: the “leftover” is your safety net for unexpected costs, and your margin for profit.

Not really knowing the sure fire buying criteria for NYC investors.

A properly installed radon mitigation system with post‑test results under typical safety thresholds doesn’t devalue a property; if anything, it reduces a future buyer’s objection by turning a health risk into a solved, documented feature.

Lessons learned?

The funds in this case were likely held in their individual name, and a death, bankruptcy, or other could affect the ability to close out and complete the 1031 exchange.The safety and protection of exchange funds should be of utmost importance, which is why you should always work with a qualified intermediary that has some sort of regulatory oversight; not just an internal audit or something, but real regulatory oversight with an outside, independent regulatory audit. 

Appreciate any insight or lessons learned from your own experience.Thanks,

I guess my hesitation just comes from the fact that I’ve never really used debt before, so it feels like stepping into unknown territory.Since my wife and I don’t make a ton and we don’t have much of a safety net, a bad investment could hit us pretty hard.

Similar to a home inspection, they go in and check what needs to be fixed on the property per code/safety, then they'll also ask what you'd like to renovate/upgrade. 

Once cleanings stopped being a fire drill, everything else felt way easier.