So, although I'm technically using my own money in the form of equity, its still a loan so I therefore consider it to be 100% financing.Most properties I've come across are at a negative cash flow, some severely so.

I'm 19, and know almost nothing about the technical aspects of this interest of mine.Glad I found this place and I hope i get to use it well. :)

Now there are a couple exceptions, if you are directly employed by someone who has an interest in it or if you are doing it for a close family member then you are exempt.By the technicalities of the law, bird dogging is a violation of these laws.

Its very nice because it is technical.

Well, if you are going to be using the proceeds for a rental, and technically a rental that you are planning on keeping, then a 1031 is an idea.

If you intend to acquire, fix-up and sell or flip real estate, you are actually holding for sale and not for investment, so you technically do not qualify for 1031 exchange treatment.

In addition, you better have an allowance for capital expenses even though these technically are not part of capital expenses.

i get the feeling a lot of people out there (in Texas, anyways) are selling lease options without regard to the legal technicalities.

Question is, technically his lease isn't up until the 15th.

As the owner of the property, you are also technically the manager.