Phil -There are various published online material(s) which can serve as guidance. 

Quote from @Nicholas L.: @Chloe Hohmanunfortunately, since they have a mortgage, you won't be able to do seller finance.but let's step back.do you want to live in this townhouse? 

But there are other areas where your dollars can serve you better.

We are based out of Woodstock VA and serve the I-81 corridor from Harrisonburg to Winchester and East to Fairfax.

It looks like they are sending out refund contracts kind of on a first-come, first-serve basis, with some levels of priority because there are so many investors in these deals, which is why I'm posting this to get moving on this ASAP given the number of investors who are jumping in for refunds.I do not recommend you stay in this deal because they will be raising prices.

P&L, no.Reason being, the mortgage is debt service against the balance sheet since the mortgage would be a liability.

@Paige Corsello two helpful thoughts for you:1) We don't know, what we don't know.2) If you don't ask the right question, you won't get a useful answer.Another poster answered your 1031 question, what purpose would repeating that answer serve?

Quote from @Nicholas L.: @Dan H.is it fair to say (and I am saying this as a compliment to you) that what you are doing is just... investing? 

I send a short email also:Dear ___,This letter serves as notice of our intent to increase the monthly rent at _______. from $__ to $__ beginning _____.

@Nicholas L.