Hi Ryan,Thanks for the explanation.

It takes a bit of explanation so please be patient with me.When applying for a mortgage to purchase the property, the lenders want the investors to put down at least 20% so that the investor is more vested in the property and therefore less risky.

That gave me time to scrub the bathroom up better, clean some marks off the walls, etc.Once, I had damaged a door trying to move some furniture, but I explained the damage to the landlord, and because the rest of the place was immaculate, and I'd been honest, they let me off and said 'We were going to replace the doors anyway'.I was lucky, and would have been happy to pay.I hope the OP got their deposit back, or a valid explanation as to why it was withheld!

Here is an indepth explanation of the three (3) 1031 exchange identification rules, including the 200% rule: http://www.exeterco.com/article_identification_rules_like_kind_replacement_property.aspx for those investors who want the correct information.The prior poster is incorrect and is confusing the identification requirements with the actual acquisition.

The term was only vaguely familiar to me from college accounting classes so you'll probably get better explanations from google.

Often referring to financial freedom, or becoming a millionaire through real estate investing.Then often the common answer of many people is explanations as to how it's done and what to do.

I think this time the problem will be more widespread geographically and also affect more of the higher end parts of the market.all cash

Some basic questions:- To do this, do you suggest picking one or 2 cities/towns/geographical locations or even an entire county?

If the existing property does not comply with all of the current zoning regulations (use, lot size, improvement size, off street parking, etc.) but is accepted by the local zoning authority, enter “Legal Non-Conforming” and provide a brief explanation.

@Jerry Thanks for the explanation.