The unfortunate truth is that our regulatory agency has their hands full with so many dip sh*& agents they can't regulate the wholesale industry...it's open season here until it isn't...https://josephandjoseph.com/ar...

Also, if either property is located in Idaho the Qualified Intermediary has to be licensed by the state of Idaho or they have to be exempt (such as being licensed by another state regulatory agency).  

Removing them would require use of asbestos workpractices and notification of the amount of ACm exceeds the regulatory limits.

I suggest checking your commitment carefully if you're buying land that may be impacted.Unsettled Consequences of the McGirt Decision | The Regulatory Review (theregreview.org)

If you do go that route, be certain to understand your regulatory environment before you invest any capital.

The issue at hand - if you don't have release prices established up front for each property and during that 5-year period you want a partial release because you want to sell less than all of the properties - a lender will require new appraisals on all the remaining properties as there's usually an LTV max covenant plus, I think, there's a regulatory requirement for the lender (talking a traditional lender, not private, and I'm not an attorney or regulatory expert, thus the "I think").  

They had to give their SSN for regulatory bodies to see where the cash came from but were not part of underwriting or on the note or title.

Also there is considerable regulatory risk with STRs, so that cash flow number comes with a lot more risk that you'll get shut down any day.

Just one, the CFO's.The exception is usually the foreign subs, as regulatory and legal barriers (as well as incentives) may mean a foreigner can't or shouldn't be an officer.

I buy at a great price, concentrate on repairs that are first, regulatory (fire, electrical code), second, raise the rents to market max, and lastly,  just makes it prettier (landscaping, fencing, paving).