Besides the rules, there are underwriting aspects, an underwriter may have discretion in approving any borrower based on prudent practices, not knowing the sins committed no one can say at what date they may qualify, and, you have to get to that point to access current credit and determine if they have reformed from their ways, if applicable.

@John Woodrich, I believe the new ruling with the tax reform of 1031 not applying to 'personal property' only refers to that which is not part of real property (like a car, plane, etc.).

I know quite a bit about home repair and maintenance and I'm extremely interested in eventually doing rehabs but seeing that I'm 18 and have relatively no credit at all and thanks to the credit reform act credit is even harder to come by if your under 21 now so I figured even though Kansas City has some really inexpensive homes when I add in rehab cost I would tie up most if not all my capital on 1 deal and I wouldn't see the return if I'm using the buy and hold strategy for quite some time.

Amanda Han Brandon Hall Tax Reform Update Linda Weygant Books I have to say all of the BP books…right?

Dodd-Frank Wall Street Reform and Consumer Protection Act extended the expiration date to December 31, 2014"Look at the act in.pdf here:http://www.fdic.gov/news/news/financial/2009/fil09056.htmlHow long it takes to get them out will depend on how backed up the eviction courts are.

I think one of the most relevant parts for BP members is Title XIV – Mortgage Reform and Anti-Predatory Lending Act which deals with Residential Mortgage Loan Organization Standards, Minimum Standards for Mortgages, High-Cost Mortgages, Mortgage Servicing, Appraisal Activities, Mortgage Resolution & Modification as well as a couple other items.

I also found out that the HUD act has encouraged more than 1 bill for federal reform to limit the rights of owners.Checkout this article about the different legislation that is being drafted:http://noteinvestor.com/note-brokers/fighting-to-preserve-owner-financing-with-the-national-association-to-protect-private-property-rights/

Amanda HanBrandon HallTax Reform Update – Brandon Hall and Amanda Han Linda Weygant GuidesUltimate Beginners Guide Forum StickiesBP Calculators or spreadsheets uploaded by membersMy Favorite Books I have to say all of the BP books…right?

I am in the process of selling a seattle duplex I own and the proceeds from that will be used to reinvest in a larger multifamily property in a secondary market in the greater puget sound area;  I want to get out of seattle market in the long term,   but I'm pretty established now with negligible debt and market-ish rates so I can weather some more bureaucracy and occasional losses from having to comply with some of this stuff if I have to.Even though we are seeing landlord/tenant "reform" at the state level now and I'm guessing will likely see a statewide rent control bill similar to oregons next session I would prefer to invest locally so I can visit my assets on a fairly regular basis,  even if it takes a couple hours instead of 15 minutes to drive there thats way better than cross country for me.     

The contract does not provide any options beyond 20 year lease.Have you seen any of this kind of TIC mature and reform what might I expect.Thanks