Your clients would need to go take a look, and write up an offer by a certain deadline potentially.

But if for some reason, money gets tight, banks don't let you pay less on a higher-per-month mortgage payment on a 15 year loan. 

Hope the market and networking you need to prosper your deals with investments through your group become tight knit from our local community.

It is very important to file an extension by the March 15 or April 15 deadline, depending on whether you are a business or individual, because not filing an extension will result in a 5% per month for failure to file penalty, but it is equally important not to file a full tax return if your exchange is not completed by the applicable filing dates referenced above.    

I'm a helper at heart and a total newbie...I've been talking with a gentleman that has a rental property I'm interested in for buy/hold. However, he has started discussing that he is losing money every month on this r...

@Robert P. thank you for that info about how it is done in Mass  i will look into that info for NY@Matthew Paul i purchased the property for cash, so as far as not having income i will not have a mortgage to pay for, the reason money is tight right now is because i had to pay school taxes right after closing, and then spent $17000 on a roof the first month. 

2) If I did decide to exit before the deadline, there will be such a run-on-the-bank that my notes would sell at a huge discount (in addition to the loss of value described in #1).Maybe I should look at the silver lining and jump in and buy a bunch of discounted notes on Folio.Text of e-mail:A Message from Prosper and Folio InvestingWe are writing to let you know that as of October 27, 2016, Prosper will no longer offer the Folio Investing Note Trader platform, the secondary market for Prosper Notes.

My name is Chase, and I have set a deadline for myself to have at least one rental property by the end of next year.

By my calculations I can make it work but it'll be tight given my personal financial situation. 

As @Matthew Paul said inventory is tight right now and it is tough to find good deals.