Also, remember that there is no limit to how many 1031s you can execute.

I have done some reading about real estate investing and believe that it's time to execute the strategies toward financial freedom.I'm interested in "subject to" housing, foreclosure, wholesaling, and other strategies when it comes to real estate investing.I would love to hear from someone who is a full-time real estate investor/ flipper in the Providence, Rhode Island area.

In this scenario, I would want to see some type of verification from the buyer that they have funds to make the down payment and execute the rehab.

You should 100% have an executed contract, scope of work - if rehabbing, and a thorough exit strategy. 

It can be hard sometimes to chase them down for estimates in writing but when they do they execute a promised.

I think we have a leg up on a lot of places already.Hope that helps a bit - I dont even know if many elder law attorneys will understand the medicaid system very well - they may, but wouldnt hurt to talk to one and if the facility his mother is at has decent staff and the facility takes HCBS residents the executive director there should be able to help a lot as well.

Is there a grant deed contract that must be executed here?

Having a PMP and Lean Six Sigma Black Belt certification have helped me create a process-oriented approach to executing strategy and analyzing data to prioritize initiatives as well as course correct well before issues become catastrophic.

This is to protect you in case the seller becomes unwilling or unable to execute the deed after the fact.Usually insurance is the responsibility of the seller in a land contract.

Because we do it this way, we can sell the properties for a little over market value, we don’t have to pay realtor fees, we don’t have to pay concessions, and the tenant pays down our mortgage for a few years which increases the margin, and then we cash out.as long as the lessor buys it that's true.. my experience with lease options is less than 50% of them will actually execute.. many will just up and move and some you will evict and some you will pull through the knot hole.. just human nature really.