This is a very classic 1031 exchange use. 

Hey Johnny, At your age and with only one year left of college, it's important to focus on completing your studies while saving as much as possible.

Our offer was accepted yesterday, and our five day due diligence is supposed to start tomorrow.From what I have thoroughly studied on the comps, they do sell within a decent time frame and for much higher than the purchase price, although the majority of comps are slightly larger in sqft.

If this moves forward I'm happy to be an open book case study. 

I don’t, until at the level of doing cost segregation studies.  

@David HokeHi David, I too have done the RALA home study course and can give you great feedback - just PM me.

I had material to study, home work to do, some field research and then to present to my coach every week.

And they can not buy a foreclosure for their personal benefit.As to your comment "I'm spending this week learning about foreclosure investing" the first thing to study is RCW 61.34.030 Criminal penalty.make sure you understand what that means.

Study the market.

Stay inside most of the time and read / study.