Now you have to weigh over-55, student, subsidized, HUD financed, and quite a few variables that make the over-30 unit multi much more complicated.  

The seller could include the SCBN inside the 1031 Exchange, but this gets significantly more complicated. 

But the main thing here is that it's your first flip and is already a little bit more complex/complicated than your traditional flip.

Still a complicated process but one with a solid road map from the IRS. 

But what you're finding is that it is still a fairly complicated structure. 

@Jessica Walker if you plan on solely being a wholesaler then I wouldn't recommend getting your RE license, it just makes things more complicated.

I need an attorney to help me as the landlord with a few complicated issues, that I’d rather not get into detail here.  

To add more complication, some states Sol begins when the loan is accelerated.

Maybe I'm showing how green I am by thinking that I can ethically use these techniques to actually help people.

So if you have done several subject to or lease option please introduce yourself.. and let us know how many lease option / subject to deals you have done so far ... we can start sharing ideas, techniques and it would probably help a lot of people.