Side note, I'm pretty sure you can search the forums and see wholesaling mistakes, costs, etc.How do you qualify that coach?

If you sold a property before talking to a qualified intermediary, and are holding the cash yourself, you have already lost the opportunity to do a 1031.

Assuming a loan and using Subject To are two entirely different things.If you can't qualify to assume because of DTI, then you shouldn't think about Subject To either.There are serious risks in a Subject To and it's only for well funded, experienced investors, with an exit strategy.

Get advice from qualified tax professionals.Having said that, talking with an architect about a build is no different than what anyone would do building a home.

. ;-)True but on thing to note: the AirDNA projected income qualifies a deal, but we do not value it off of the rental amount.

For 2024,  bonus depreciation allows for 60% of the cost to be deducted in the first year for qualifying assets.

Dad will now only qualify for 250k capital gains tax exclusion and will probably end up having to pay taxes that eats up the profit.

So then I started texting them the pre qualification criteria and just asking them if they qualify and then agreeing to show the unit.

So it would not qualify for a 1031 exchange.

I recommend it for a month a so, you can see qualified tenants better than the free one, and more people viewing your property because your listing is the first one.