And before you judge what kind of person I am and the others that are posting, just know that I own 2 very successful businesses (one in real estate and one in the trades) and yes I have turned $1000.00 into 1.5 million in six years.

Sometime during the exchange period he could take cash from outside the exchange and trade it for the note. 

They aren't capital losses, they are losses from short term stock trades.

As much as we're interested in having the work done, I'm very much interested in working with the Handy Man/Contractor and learning the trade so to speak.Are there any good local recommendations for what we're trying to accomplish?

The many problems with Arbitrage have been beaten to death over the last few months. in trading Commodities or futures, leveraged equities, there's something called the risk of ruin.

@Sharon Hall, adding your daughter individually may trigger a gift tax that could still be indefinitely deferred or eaten up in your exemption and then be of no consequence. 

Local Facebook's Buy, Sell, and Trade pages.

Consequently, my monthly mortgage will increase as well.

Get your mechanical trades over there to tell you what's going to be required (lots of times you have to upgrade what's there, not just replace what got wet).

Understanding the underlying taxable activities is important, because while one type of taxable income can be a deal killer, the other absolutely is not.UBTI is generated when a tax exempt engages in a trade or business on a regular or repeated basis.