These resources, along with Dave’s inspiration sparked within me a passion for alternative investing and personal development.My PPR BeginningsDetermined to understand the business I was working in, I immersed myself in all things note and real estate investing related.

I also put my good student skills to use in understanding comps, etc.

From my understanding a single family with an ADU still classifies as a single family, NOT a duplex. 

In the unfortunate event someone passes away and the property transfers via probate or a will, that fair market price gets "stepped up" so no taxes are paid.I would check with a CPA, but this is my understanding.

I had to look up what "variance analysis" meant.If I understand the question correctly, you're asking "What went wrong to not hit our 20% target?"

I've done this several times, it can be a little awkward sometimes but most tenants understand.

Thanks Brandon Rizzo for understanding here.

Just understand that there are two sides to these transactions.

That is subjective though - I just advise my exchange clients to understand that number and understand their exposure.

Once everyone understand the mechanics, and the results for all: they'll keep coming back to the table!