Also deleting duplicate posts, not sure how you could make it so duplicates self delete or don't post for those of us with tech challenges....

Selling the Wrap Note is not a good solution to solving a Due On Sale.

Consult with an attorney to provide a purchase and sale agreement in your respective state with an assignment exhibit included. 

Purchase price: $275,000 Cash invested: $294,000 Sale price: $355,000 Seller was behind on pay HOA payments and in risk for losing the property.

Do this quickly because some counties have a time limit on when you can appeal.I recommend you research the market for:- Comparable Property Sales- Condition of your property, including anything that may affect your property's value- If you are really serious, an expert appraisal may be worth the effort.

there is no bank, no mortgage, and therefore no due on sale clause.if there is a mortgage in place, and you take the payments over, this is typically referred to as subject-to or sub2 and is much higher risk for everyone involved.

It is the reasonable rental value without the new improvements, because the tax sale investor did nothing to add value regarding the improvements. 

As a result, the sale was canceled, we foreclosed, and the second-position lender was wiped out.

I will also admit at this point we are comparing apples to light bulbs since RentRedi was only costing me $59 per month and DoorLoop will cost $200+ per month and for those that have a lower unit count and only need basic services the RentRedi cost should outweigh the beta tech.

@Christina Galdieri A 1031 exchange cannot be used for the sale of a business itself, as it only applies to the exchange of like-kind real property used for business or investment.