Then, you'll have an eviction to fight out before getting possession.

These are working class neighborhoods, not many shootings, just the usual drunken redneck fights.

No gun shots at night, No body walking around in baggy saggy pants, No cars in the yards, no outside fights, ETC.I was highly entertained while doing that rehab.

This would decrease debt service and that combined with fighting to get property taxes reduced would help your losses.As mentioned what course you take various on your net worth,income,other assets held in the same name or corp,if you are trying to preserve credit or do not care etc.More info on your individual situation would help.

I wouldn't ever consider such a high offer of $15,000; it is cheaper to just fight them in the foreclosure.I also have to think, that kind of a number blows your budget and profit into pieces.

Go watch that Will Smith movie "The Pursuit of Happiness" it should motivate you to keep fighting the good fight!!

The definition I am told by 1031 exchange companies is that the IRS views anything less than a year as holding for resale purposes and not for investment purposes.So the 1031 companies recommend at least a year unless you want a lengthy fight with the IRS based on cases they have seen come up challenging the 1031.This is why I didn't know if the time had to be continuos or not.I am going to call some 1031 exchange companies today to get another set of eyes on it.Thanks for all the help.

If you plan to pocket the option money be prepared for a fight with the buyer.

I suspect they'd have some sort of fight on their hands if that were to happen.The financials for the board need to be disclosed to you before you buy, but you may need to ask for it.

So, you shouldn't be fighting with an agent at all, only their broker (and you probably shouldn't be fighting with the broker either).Second, you only pay a commission if the deal is closed (there are some edge cases where you'd technically owe a commission on a deal that's not consummated, but those would involve you not living up to an executed agreement, which you never had with the buyer the first time around).Third, if an agent/broker has an issue with a buyer breaching an agency relationship, that is between the broker and the buyer, not the seller.