Before you know it, you've got colleagues up the ying-yang!

In the past, I heard that Michelle Yang, mentioned on that post, does renovations for the landlord she does property management for.https://www.homesnap.com/MD/Baltimore/3620-Elmley-Avenuehttps://www.homesnap.com/MD/Baltimore/3238-Cliftmont-Avenuehttps://www.homesnap.com/MD/Baltimore/3417-Dudley-Avenue

@Steven Yang I don't know if you are interested in buying in South Jersey or not, but if you are, you can find some nice properties in that range, with not too terrible taxes.  

@Chheang Yang, The statutory requirements of 1031 force you to relinquish (close sale) of your old property before taking title to the new property.  

As part of his product sale, he mentioned he owns software that automates the payoff of mortgages in 9 years or less, without changing payment arrangements, even if you have a 30 year mortgage.

@Bill Gulley@Brian GibbonsUnfortunately, Nathaniel is incorrect in stating that "normal" straight line depreciation is not subject to recapture in the year of the sale. He

He was getting down payments from the sellers and he was buying their house on a short sale or non short sale. He

@James Yang Thanks!

A distressed owner came to me, he wants out of his property fast and he doesn't have the cash to get it retail ready or hold it much longer.Value approx $85kEstimated rent at least $800/moMortgage $55kKnowing what he would walk away with after a traditional retail sale, he may be willing to do a quick deal for the cash with a lower sales price.My questions are1.

@Steve Yang..if you are interested in SFH around Western suburbs, please let me know.