To meet like-kind exchange requirements, the replacement property must be held for investment, and your son living in the home may raise IRS scrutiny.

Quote from @James Wise: Quote from @James Hamling: Quote from @James Wise: Quote from @Nate Marshall: Quote from @James Wise: Quote from @James Hamling: Quote from @James Wise: Quote from @Jay Hinrichs: Quote from @James Wise: Quote from @Jay Hinrichs: Quote from @Don Konipol: Quote from @Nate Marshall: Quote from @Ken M.: Quote from @T.

Seems like it’s more about adding tools to the toolbox rather than replacing them.Since you work with a lot of lenders, what trends are you seeing right now with BRRRR financing?

I think you would be wise to sell and use the VA loan for your new home. 

The letter goes like this:  By the way we have underfunded our reserves, so we need $5000 from each condo owner by July 1st, in order to replace the roofs....

We had to replace 90% of the electrical, created an open concept, primarily all new drywall, new boiler, new roof, etc.

He plans to do the same for February, as he has not yet found a replacement (and I have reminded him that any new roommate must go through my vetting process).

I have since done the demo work to remove the paneling and replace / add insulation and the new electric work is now hanging in place in "old work" electrical boxes.

Getting non paying tenants out of your house in RI can be a lengthy process so you have to choose wisely. 

Replaced all the windows in the building, insulated the attic and redid the front stoop and cellar doors.