The IRS requires that the entity that completed the 1031 exchange (in this case, the LLC) remains the owner to avoid triggering capital gains taxes.One approach might be to hold the property in the LLC for a period (generally recommended at least a year) to demonstrate intent to hold it as an investment.

For a group like this, even with experienced investors, you have to prove that you have that experience which can take some time, and on top of that they tend to need a certain experience threshold within a certain period of time (usually 3-5 years).

(My commercial deals are typically 5-30 unit buildings, not multiple hundred unit complexes)Some LOI terms to includePrice, transfer taxes, concessions, contingencies, study period, closing date.

I'd like to position myself as a one stop shop for home owners with distressed properties where I'd: 1) Provide a cash offer on there home - (with all the close fast, no hassle things)2) Help them list it or refer them to an agent in their area (keeping in mind that I would likely get a referral fee)3) Renovate their house for them then help them sell - I've got the team and know what renovations move the needleI'm beginning a period of what I hope to be substantial growth and I'd like to increase my flips/rentals at the same time so I'm wanting to ramp up my marketing.

Three things stand out from the graph below:New home construction is wildly cyclicalNew home construction really hasn’t grown in 6 decades, butOur population has risen by 150 million over the same time period!

. - 3 year redemption period will remain the same. - You no longer simply apply for a deed after 3 years and get it after the county attempts to find the owners.

This means that to benefit from the separation between my personal assets and the company’s assets, I need to establish the LLC in New York State.However, I’ve found that the start-up costs and procedures for opening an LLC in New York State are significantly higher and more complex compared to other states (such as the requirement to advertise in several newspapers for an extended period).

I rent on my terms and my conditions, period.

The total number of days of operation within any 365-day period of an annuallicense shall not exceed 180 consecutive days.

If you do that, there will be a "process" because once you are invited, you are locked under that person for a short period of time.