Drew MacDermott and Nicholas Jones the only exception for owner-occupancy of a non-borrower is a spouse, not any other family member.

@Drew Denham Here's another option.  

@Lauryn Drew Welcome to BP.Focus on the low-cost marketing approaches such as:driving for dollarsCraigslist adsknocking on doorsetc.

-Drew

What drew me to development was the aspect of being able to take on such a wide variety of roles and work with different people. 

Hi Drew,You would hire a real estate attorney and he/she would contact the seller's attorney to draw up the contract and set up a closing date.

When I read your post, I drew the conclusion it was the hydro company which had passed the arrears along to you.Our water bills are always sent to the owner of the building {though we bill through to the tenants for SFHs}, so this particular situation w/r to water arrears does not occur.

@Drew Denham  are you working with a potential seller?

I used a standard P&S agreement but their attorney felt it didn't protect the buyer as well so they drew up another contract that will be between the buyer and seller and an addendum that states I get the $4,000.

Originally posted by @Drew Poniewaz: I have been reading alot about taxes and 1031s but i never seem to see anything on how you pay yourself without having to pay the higher tax rates for gains and profits.