@Sean Gallagher, @Jim Costa makes a strong case for the use of 1031 exchanges as a tool to build wealth.  

Two persons on the panel were Jim Glassman, Head Economist of Chase and Tod Spieker who is a Bay Area multi-family investor.

@Jim Adrian  It is 1962 construction, so definitely it does not meet recent standards.

@Jim Gramata, thank you for all the details!

Thanks Jim.

I suggest you determine what the value of the opportunity is before determining Jim much you can afford to budget finding the owner.I use the following acronym: PETIOPROPERTYEQUITYTITLEINTERESTSOPPORTUNITYWith this format I can determine where the sweet spot is in the situation.Since you are hopefully chasing a bunch of equity, you might be able to budget $50-100 or even more to skip trace a missing owner, if alive. 

Originally posted by @Jim Adrian:Create a "schedule of values". 

Martin, Tangipahoa, Vermilion, Vernon, Washington, West Baton Rouge, West FelicianaMaine: Androscoggin, Cumberland, Hancock, Kennebec, Knox, Lincoln, Sagadahoc, Waldo, YorkMaryland: Caroline, Dorchester, Queen Annes, Talbot, WicomicoMassachusetts: Bristol, Essex, Franklin, Hampden, Hampshire, Middlesex, Norfolk, Suffolk, WorcesterMississippi: Adams, Amite, Claiborne, Clarke, Copiah, Covington, Forrest, Franklin, Hinds, Jasper, Jefferson, Jefferson Davis, Jones, Kemper, Lamar, Lauderdale, Lawrence, Leake, Lincoln, Marion, Neshoba, Newton, Noxubee, Pike, Rankin, Scott, Simpson, Smith, Walthall, Wayne, Wilkinson, WinstonNew Hampshire: Cheshire, Hillsborough, Merrimack, Rockingham, StraffordNew Jersey: Bergen, Burlington, Camden, Cumberland, Essex, Gloucester, Hudson, Mercer, Middlesex, Monmouth, Morris, Passaic, Salem, Somerset, UnionNew York: Bronx, Kings, New York, Putnam, Queens, Richmond, Rockland, WestchesterNorth Carolina: Bertie, Bladen, Cumberland, Duplin, Edgecombe, Gates, Greene, Halifax, Harnett, Hertford, Hoke, Johnston, Lenior, Martin, Nash, Northampton, Pitt, Robeson, Sampson, Scotland, Wayne, WilsonRhode Island: ProvidenceSouth Carolina: Aiken, Allendale, Bamberg, Barnwell, Berkeley, Calhoun, Chesterfield, Clarendon, Colleton, Darlington, Dillon, Dorchester, Fairfield, Florence, Hampton, Jasper, Kershaw, Lancaster, Lee, Lexington, Marion, Marlboro, Orangeburg, Richland, Sumter, WilliamsburgTexas: Angelina, Atascosa, Austin, Bastrop, Bee, Brooks, Burleson, Caldwell, Colorado, De Witt, Duval, Fayette, Fort Bend, Goliad, Gonzales, Grimes, Guadalupe, Hardin, Harris, Hidalgo, Jackson, Jasper, Jim Hogg, Jim Wells, Karnes, Lavaca, Lee, Liberty, Live Oak, McMullen, Montgomery, Newton, Orange, Polk, San Jacinto, Starr, Trinity, Tyler, Victoria, Walker, Waller, Washington, Webb, Wharton, Wilson, Zapata Virginia: Gloucester, Isle of Wight, James City, Lancaster, Mathews, Middlesex, Northumberland, Southampton, Surry, York.

Originally posted by @Jim Carson:@Lois Ginter- I was in the same situation as you.

@Jim PolasekYou can't post phone numbers directly in the forums.