So, things change a bit.If it is his personal home, there are more restrictions.For an investment property, if you take over his financing, read through the deed of trust (mortgage) and see how they handle transfer of ownership.

I find it's very personal, and dependent a lot on your goals, resources, risk tolerance, location, experience, etc.

Rentals are extremely difficult to make pencil right now but would only personally consider higher end projects because the costs are far easier to absorb than trying to build in lower value neighborhoods.

I do not personally use him based soley on the fact that the firm is virtual.

You will never pay more tax in recapture than what you originally deferred, assuming your personal tax rate stays the same.

You can also read our current and past issues on our website or attend our in-person events around the nation to meet us in person. 

I personally hate them and think they are little more dust magnets but will add some if crucial. :) 

I have a feeling this is designed to maximize retention of now dislocated persons. 

@Micheal Singleton I have the perfect person you should connect with.

Are you referring to personal losses or other people had losses?