@Tommy Sowell, you can't use the 1031 proceeds for that manner and keep them tax deferred.  

Nonetheless, here is a word of caution to any investors: things tend to move very slowly in the VI, so do not expect that simply because there is talk of these businesses coming to the island, that they will come in any sort of timely manner.

It combines sustainability with architecture and affordability, and is a big gentrification trend.  

Further, typically a loan sale contract does not include provisions of escrow or bailee to allow for trades to clear in that manner.  

In the long run, he'll thank you for it because he was forced to compete and learned how to build a sustainable business.If you want to give him a little money for groceries this month, that's great, but don't enable his bad habits.

@JacobI'd recommend finding another (more consistent) manner to increase your earnings.First of all, the $500 class only qualifies you to apply to your state (application usually another $70 or so, with background check) to take the state exam (usually another $50 or so).  

Thanks :) Mission StatementMy mission is to create a portfolio of cash flowing single & multi-family properties while conducting my business practices in a manner worthy of the Lord Jesus Christ.There is no industry outside the kingdom of God.

I have't seen any in person yet in Berlin but did a fair amount of analysis and numbers look phenomenal COC wise even considering 15% vacancies, but then question is how long it can sustain and where is leads to or there is any good news up in horizon? 

Since he didn't give me a recipe or invoice from the beginning what should I ask him for when I see him today, also should he put in writing that if plans are rejected by HOA or City that he will fix them in a timely manner?  

John, because of the rural nature of the Lakes Region, I think you'll find that it's difficult to form a group that is sustainable with sufficient attendance.