On the title company or any other aspect of the wholesale strategy.

On the title company or any other aspect of the wholesale strategy.

On the title company or any other aspect of the wholesale strategy.

Lenders love the locked up aspect of 1031 exchange proceeds as long as the rest of the picture looks good.The two things you'll want to watch out for are:1. timing. 

I think the Field Foods aspect is a big plus as currently residents would have to drive to Richmond Heights, Maplewood, or Southwest Garden to get to a Schnucks or Shop'n Save.

I didn't hesitate to evict them, however I made every possible effort to work with them, rather than just sending a pay or quit notice and be done with it.My position is that I feel like a lot of Landlords are too set on following the law to the letter(which is not bad in and of itself) that they don't take the customer service aspect seriously.

Being a real estate agent on the side, or a wholesaler on the side, etc, rarely works out as those are jobs, not hobbies, and you'd be hard pressed to be competitive if you're only working a fraction of the hours a full-time agent would be, for example.I'm a fan of buy and hold, personally, and it's a great way to get your hands into a lot of aspects related to REI.

So I get it and understand that aspect.

I understand that ultimately, the responsibility falls with me...but I also wanted to reach out and see if anyone has a perspective or strategic approach to rectifying this manner. 1) Connect pipe (50ft) - not overly concerned with this aspect. 2) Clean up and have restoration company undo the damage - mildly concerned and expect a few thousand dollars fee (who pays?)

@Brian Burke Thanks for the informative explanation and for clarifying what are the critical aspects I have to dig into. thanks!