Wow, so you are saying that it doesnt matter that I've held the replacement property for less than 1 year because the hold period will take into account the original property that was exchanged?  

Is there usually a standard amount of years the loan is held?

Held for three years that's an 11% annual return under the best of scenarios.

I held off on giving them a 10-day notice until 9/23, after speaking with them and giving them a few extensions.

Most loans have same processing fee.3 down payment is usually on purchase price. rehab funds are held in escrow, the investor needs some cash in their account to start rehab, when they complete items on rehab they can request a disbursement.4 appraisal is required.

Many states have laws that state that security deposits cannot be held in your name, since they are not your property.

You might think that without money changing hands that it can't be binding as there's no "consideration" - but my attorney tells me that courts have held that the offer itself is a "thing of value", so the contract itself can be the consideration.It's unlikely that the unsophisticated FSBO will end up bludgeoning you with this, but if the brother-in-law turns out to be an attorney, it could go sideways.Strategically, I'd get face to face with him. 

My personal favorite structure is property owned by a trust; beneficial interest in the trust held by multi and/or single member LLC's; then you can get real creative on who owns the membership in the LLC's.

This was the first time I've cashed out on a deal I could have held.

@Carlos Pena It just means that the property is held in a trust.