is that correct? 

But if I am understanding correctly I can pull my basis out of the REIT without paying capital gains, so to Brandon's point, I may consider pulling a % of my basis out each year to re-invest elsewhere and hopefully keep most of my taxable shelter in place. 

Unless you quit-claim or buy sub2 and do it correctly, you could avoid the transfer of sale and keep the previous owners rate.  

Asking in the correct forum will get a better response.Need a spreadsheet or form?

Be confident the mortgage company, and the wholesaler is well aware of the procedures and will out maneuver you, even if you are factually correct. 

(Please forgive my typos if any as my phone doesn’t auto correct on BP forum.)

It's always a good time to buy good deals, just make sure you are underwriting them correctly and conservatively.

This is most important for anything that's a new renovation... if we find stuff on an inspection that a renovator should have caught, certainly knew about, and didn't fix correctly, it's an indicator that the entire renovation is suspect.

This strategy could help him boost retirement income while avoiding capital gains taxes, but consulting a tax professional or 1031 specialist is essential to navigate the process correctly.

So if I understand correctly your saying there only recourse is to repo the panels and but can not lien the property ?