It's okay if it takes some time to close.You can make your due diligence period shorter.

Section 1031 has many requirements, 45 day identification period, and a 180 day settlement period (including the 45 days). 

If he opts to buy the property, rent paid during the lease period is applied toward the purchase price.Because owner financing can be complex, we recommend working with a licensed attorney who will consider your best interests when drafting the necessary documents.Good luck!

We are in a time period now where a longer time horizon is important.

Your agent should have reviewed all this with you during inspection or due diligence period.

Lenders often use this to determine if they can extend further financing, so knowing this could give us a better idea of how much equity you can tap into.How much in carrying costs are you expecting to need during construction?

My overall response rate was a little over 1% for approximately 3,500 letters sent over a 12 month time period.

Ok so I just bought an extended stay motel in Michigan......and I live in Utah.How it happened: I was under contract on a single level 9 plex in a small industrial town in Michigan, I flew out for the inspection and we found mold all throughout the roof and the crawlspace.

I know a broker that retired from the same company you currently have and then after the mandatory waiting period contacted all his clients and saved them all 30%.

Consider getting contractor bids during your inspection period to have more accurate numbers.3.