Those buyers are not having to do 1031 exchanges most times.In residential as an example the higher end houses tend to sit on the market longer and more of them do not sell at all.

I forgot the details, but I seem to recall he got burnt by an appreciation play.

Land in michigan is less than in texas , north texas.I will give you examples on cost differences.Material prices are the exact same price if not a little less.texas framing price per sqft $2.00plumbing $9500hvac $9500concrete Labor only $2.00 per sqft  Concrete $180yd 5 sackdrywall $10500Electric $8000Ok here are the michigan prices , better sit down.framing $13.00 sqftplumbing $25,000hvac  $20,000concrete is about the same for materialdrywall $20000electric $25000Both quotes were for a 3/2/2 home with 6/12 roof hipPeople in michigan wonder why houses are so expensive , its because of the sub contractors.The plumber only has about $5000 worth of material to do a whole house but yet there still asking for $25000

Another route is looking at all the listings that have been sitting for a long time and sending an offer that makes sense for you to cash flow with interest rates and rooms/units rented. 

I pay my property manager A LOT to do maintenance so they still make lots of money while my apartment sits vacant.4.

Based on our current numbers the average vacancy will sit for 2+ months to get a qualified tenant and another 2 - 4 weeks for them to move in.What Have We Been Doing1.

(Yes, I know everyone wants to sit out their high horse and say to get permits but it's different when you are eating a 12% loan while waiting for someone to check your project).Have you spoken to the city about what type of permitting you need? 

Im now sitting on more money than ive ever had in my life and i have no idea what to do with it!

I may make an offer on a property that's been sitting for over 80 days.

Fire pits, cute sitting areas, and string lights.