Based on these assumptions and the IRS notice's text that "The IRS also gives affected taxpayers until May 1, 2025, to perform other time-sensitive actions described in Treas.

Delays: The project has been delayed by more than 8 months beyond the original timeline. 3.

STR's can perform even better as you know but its all about location and timing.

We negotiated it down from their original asking price of $1.8M but it needed to be a cash deal because the building was 50% occupied and of what WAS occupied was month to month office tenants.

The only LLC you'll be able to form is a "disregarded" LLC, which means it gets traced back to your SSN for 1031 purposes since the original property was in your name. 

In response, I had a plumber and a water restoration company come to assess the situation.The restoration company cut into the drywall, and the plumber thoroughly inspected all the pipes, performed a leak test, and conducted a pressure test.

Originally posted by @Henry Li:@Brent Olsen@Bob MaleckiI just invested 10k the minimum to test it  out.

Originally posted by @Mia Shlomit: Alas - the new ordinance turned this property too into a rent stabilized one. 

Originally posted by @Vaughn J Smith:Dan, thank you for that.

Not only were they followed when originated but are they witha  third party servicer now ?