In IL, we have attorneys involved on every deal.

I work with a great team who is in the top ten for the company and have been involved with RE for over 17 years. 

The 1031 involves timing and discipline. 

(especially if you're looking to reside in the property part-time) Short term rental by airbnb/vrbo is one possible solution to offset the cost, but you'd be faced with the tax in full and everything involved with property management would apply. 

Trying to become a lot more involved on Bigger Pockets as it seems to be the way to go these days when trying to connect globally.

That will enable you to acquire the property, improve it, refinance (pay off loans), and then keep that property.

I would definitely get the attorney involved in writing a letter, so that they see that you're serious. 

Hello Everyone,I've been reading and collecting information to get involved in Real Estate I'd like to buy my first rental in the next 90 days. 

First Time around - Owner's policySecond Time around - Lender's policy.That is two times around with the same title co.From my experience and when lender is involved, the title co won't clear to close until all liens are cleared and if there is any doubt of any open items out there they will put it on hold until that have cleaned all issues.  

Hi EveryoneI've came across Bigger Pockets via the podcast on YouTube which I've been listening to at work on a regular basis, so I've decided to get more involved and join the community!