There are numerous stipulations to do a 1031, and the main one is that a holding company must take care of the funds from the transaction.

There are numerous legal documents on the web that explain how to request a waiver of the DOSC.

This makes sense if your perception of increased value is supported by the cash flow to support the new indebtness.

If you've never done this before, you'll want help through it and that will require numerous advisors to help you put the puzzle together.

Normally in my area the properties that sell at the tax sales have extensive title issues and the heirs are numerous and are spread out all over the country.

The sooner the seller/realtor present the market with a price in which the seller's perception of value match that of the market realities, the sooner this thing will get sold.

You have numerous RULES to live by, that your tenants may refuse to live by, (so write in the contract that they have to or can be immediately evicted)You have to keep all dues paid up, or you will be fined, and quickly could lose the place to liens and foreclosure.Minna's right, s SFD is a lot of work, but if the place is in good condition, and you have the insurances, it's not a big deal, probably.

They aren't illegal, but they come with numerous very specific and strenuous parameters to keep from being classified as an executory contract (contract for deed) in Texas, and as an executory contract, be liable for some extreme penalties (up to $250 per day liability from the day of sale).Now you can do 1 lease option per year and not have to worry about being liable for more than $100 per infraction, which at the most would be about $1,000.

If you have numerous lates and negatives on your account they will not allow you in the program.

My advice is to plan on it being tough at first, but be patient with it, pay your dues and in time it will be rewarding in numerous ways.