Naturally your property must sell before you can take title to the new one, but nothing prevents you from getting it under contract and make the process as smooth as possible.  

But then we have to get into talking about the passive loss rules, which may prevent you from actually being able to claim a tax loss if the deduction is more than your rental or other passive income.Or you can claim the actual expenses (gas, insurance, etc) for the vehicle and regular depreciation, proportioned by the percent of business use of the vehicle.  

Buying in a quality area and being thorough with your tenant screening are the best preventative measures you can take to avoid that situation from arising.

Keeping everyone aligned—lenders, inspectors, attorneys—prevents bottlenecks that could derail the timeline.Lastly, tackling big tasks early (like ordering inspections or raising equity) is a game-changer.

It can be a normal problem but you can prevent it with some certain measures.

The rules are designed to prevent related parties from engaging in exchanges that shift high basis property for low basis property, followed by a sale of the low basis property, effectively "cashing out" without recognizing gain.If you sell a property to a related party as part of a 1031 exchange, both you and the related party must hold the exchanged properties for at least two years following the exchange.

It is imperative that you take this action to prevent fines and legal issues.

If you intended me to take something else from that picture, such as an unfortunate motor vehicle accident, let me know.

You can claim to be the best guy in the world at finding and analyzing deals, but when the market turns against you, and you just went all-in, even on the best relative opportunities that market had available at the time, there is nothing you can do to prevent losses, especially if your debt has a maturity date that will force your hand.Timing the market is an interesting concept. 

But, they do get to eat a lot of pizza.Debt prevents you from becoming an investor.