This is by far the most helpful thread I've found on this subject.

I'd first slow down and develop some sort of subject matter expertise.

They have a place they could potentially close on by the end of the year, but its new construction and the closing is subject to change based on the builder (and the area was just in the path of Beryl, so that timeline could have been impacted), so if that's the only thing they're thinking of exchanging into, I'm inclined to suggest they consider consuming the losses now for simplicity's sake, especially if the exchange timeline can't be guaranteed to work out.

I’m sure this subject been mentioned but was wondering if there is any updates on smartlocks.

Active Income: Profits from fix & flips are considered active income, subject to ordinary income tax rates, unless structured through a business entity.4.

We also try to identify hot prospects in areas subject to waitlists for those that intend to personally utilize the property for vacation usages or rent mid term (30+ days) until a permit can be secured.

They worked as a team in this entire thing.So here we go...A person sold a piece of land 3 years ago, reiterated in the deed "this conveyance is made subject to the restriction that no mobile or manufactured homes shall be placed upon the subject property." as the restriction had been in a previous, distant deed.

But, you asked about a nonrefundable deposit - subject to the local laws, the agreement you make can be anything that the buyer and seller agree to.

I just want to get some opinions on this subject before I delve in. 

The assets are still considered yours under the law and are subject to liquidation for personal debts and liabilities.