I thought you could use a 1031 exchange to prevent paying taxes on flips by using the profits from one deal to fund the next deal.

Check out www.TheNoteDepot.com as Joe DeSilva has performing notes from time to time...You might also check out FCI and Watermark Exchange.

If you all could add me to your lists for networking, I will add you to mine & we will exchange great deals.

In exchange my tenants get to use their laundry room.Thanks!

People take the easy route and in exchange get crappy returns.

you can use the proceeds to purchase two different properties and to secure the full 1031 Exchange Benefits, you need to ensure the combined value of both properties is equal to or greater than the relinquished property, less reasonable closing costs, which does not include the payoff of a mortgage. 

I have been told it does not decompose on it's own and the concentration is not diminished by air exchanges.

You could then take that money and either pay down debt, or roll it over into a 1031 exchange on your next property or possibly two properties?

1031 exchange or carry the note

Damien,For a deal this size with this profit potential, here's what I would do:I would put together a list of 100 properties you think would work well for your partner, write a sales letter with the headline "1031 Exchange Property Urgently Needed" or something to that effect and mail it via FedEx Express Saver.