Im looking at properties to buy, and saw a tenant in a 4-unit property I like paid $1,000 in late fees.

I have about $180k in equity in one of my investment properties and I have a nice amount of cash on hand and I have an idea that I would like your thoughts on.  

Maybe I'm just not marketing it right. we are all private money .. i dont do anything other than that..

There are specific rules for 1031 exchanges including:The replacement property must be identified within 45 days of transferring the relinquished property.The replacement property must be received within 180 days after the transfer of the relinquished property or the due date of the taxpayer's tax return, whichever is earlier.Special rules apply for exchanges between related parties (defined in § 267(b) or 707(b)(1)).Real property located in the United States and real property located outside the United States are not considered property of like kind.Cost Segregation StudiesA Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

Hi,I am in the process of buying my first investment property and am using a realtor.

I am in the very early stages of looking at a commercial property to invest in.

You need to check the Zoning Ordinance for more info).Feel free to reach out to me directly with the property address if you would like some more assistance in determining how many units you can have "By Right" on the lot which is a calculation based on Total Lot Area dependent on the zoning designation.

Right now there is no sign of flooding or anything, but just wondering if that is a positive thing or negative thing to the property?

Also size, if you're talking about 2 - 4 unit properties versus larger 50+ unit buildings the resources for those are much different. 

As the new buyer, I would assume you walked the property and are familiar with how the "long term" tenant keeps things up.