Being in NY maybe something to do with physical document transportation?

You would have ongoing filing requirements with the State and would need to keep business records and documentation.

I wish you the best in your investing journey and this forum is chock full of very experienced and talented investors and realtorsDoes this helphttps://docs.google.com/document/d/1N-eMKaHkPJquU9r1jfrA-ZTk...

@Eric Helena, There is no statutory prohibition against purchasing from a related party to complete a 1031 exchange. 

The gentleman Chris Koerner seemed well educated on the topic (mobile home park investing) and he gave enough information and follow-up documents that you could take the information and run.

Document the condition of the property thoroughly before they leave, and remind them that their security deposit hinges on the place being left in good condition.

I have never seen any financial statements or documents or 3rd party audits etc.  

So it was 153k for the purchase and 40k for the rehab, I had to come up with the rest. 

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Originally posted by @Eric Jorgensen:It has been a 357 days since I purchased my first property.