I started to think about the impact on comparable analysis and how the inaccurate data might artificially increase values in my neighborhood as the price/ square foot was $20 more.

He's a super sweet and intelligent guy, but he does make some questionable hygiene choices, and about once a year he has a melt down that ends with cops and/or EMS coming.  

I am asking if anyone has ever asked an intelligent, trustworthy friend to act as qualified intermediary in a 1031 exchange.  

If that note was started in say 2005 or 2006, I know that the value of the asset was artificially inflated at that time so i am going to look at the value today very, very closely. 

I finally came to the conclusion that unless you are very intelligent or very lucky, in light of the existing laws in place, getting started in real estate isn't going to be easy.

Chris, sorry your question got smoked, there are many ways to ensure privacy for owners of larger operations that can not be pierced in two hours, even by the justice department or intelligence agencies or even the IRS as not all agreements, assignments or deeds must be filed, they can sit in a lock box.

Some of the most intelligent, and savvy people in REI are right here on BP, and they are very generous with their knowledge.

My take is that it really depends on you business model and time frame (flip or buy and hold etc) You can make REAL money even in ARTIFICIAL recoveries.

Thanks to the BP podcast #7 I was able to dive into the appraisal more intelligently than I would have before.

When you can answer this question intelligently & honestly you will know the right sellers to target.