They are doing this using powers granted the FED during the Depression in the 1930s.Why didn't they do it last week before the pork filled bailout was crammed down our throats?

My unique encouragement would be  to not ignore the multi-generational power of real estate investing.  

If they both don’t have legal power of attorneys and their health deteriorates the management of the property could be in limbo. 

Thank you all for your responses; I'm amazed at grateful for the BP community- power in numbers! 

Owning it for four months would be too short a time unless you bought it with the intention of holding it and something unexpected cam up that made you change your mind (too many repairs, bad area, wildlife breaking into your dumpster every night).The 1031 exchange qualifications  are the same.

Always remember, in the free market capitalism of the USA, there is always a way around every rule, and in rare scenarios, knowledge is power! 

.· Reduction or Elimination of Monthly Cash Flow Distributions – Like any investment in real estate, if a property unexpectedly loses tenants or sustainssubstantial damage, there is potential for suspension of cash flow distributions;· Impact of fees/expenses – Costs associated with the transaction may impact investors’ returns and may outweigh the tax benefits

They understand the deadlines, the stress, the pocket listings, the power of having a 1031 exchange and what that means to sellers.

I believe my friend is the durable power of attorney and stuff for her.  

A property manager will help but the freedom of cash in pocket and no ties to land is powerful.