Of course, nobody wants to be the test case, but I've never heard of IRS treating money from a loan as income, ever.I think you would be better off with a long closing date on the purchase and sell your exchange property fast so you can do a conventional 1031, receive conventional financing with one set of start up fees/costs, etc.

The exception to this is a built-in micrwave, of course I'll manage those.  

Any suggestions for an investor-friendly real estate agent and tax specialist/CPA in both these places?

Another higher offer came later, teaching us the value of having a dispositions specialist.

Of course everyone wants their money now.

Depends on the exact area of course....but generally STRs will make 2-3 times what a LTR makes.

Greenfield is a growing area, and being in a golf course neighborhood across two lots adds a ton of value to your options.I’d recommend starting by connecting with local investor groups or meetups in Indianapolis—Facebook groups or here on BiggerPockets are solid places to find people actively working in that market.

This taught us an important lesson: it might be time to bring on a dedicated dispositions specialist to ensure we maximize our spreads on every deal.

I cold emailed and called the owner multiple times and eventually we connected, met in person and made a deal over the course of a few months.How did you finance this deal?

I'm trying to look for a course on how to better understand valuations and also tax liens in different states, so as to form better & tax efficient structures under which to invest in different states.