However, be careful about seasoning periods on the new loans. 

Cheers,André.I also wonder why you chose to invest in Italy instead of Spain, Portugal, Austria, and other countries   

He could have sold it to any investor, but he called me because he trusted I would handle it with care and respect his wishes.

Using the deferred tax as part of your reinvestment will do wonders for what you are able to buy.You get access to greater reinvestment potential, as well as not having to recapture any depreciation.If you do need access to some cash, you can either take some out as part of the closing (only the cash you take will be taxed.

Thank you for your wonderful suggestions.

They aren't spending their own money, so they are less likely to take care of the rental or follow rules.

It's like putting out a For Rent” sign in a quiet cul-de-sac and wondering where everyone is, right?

That's what I requested because I was wanting to know who was in charge of paying utilities and lawn care/how much lawn care is.

Any competent real estate attorney can take care of this for you. 

I was wondering about your first post.  :-)Feel free to reach out to me directly if you have any questions.