Being a good investment RE broker is work enough and you want your broker finding analyzing and helping you negotiate your best deal possible.When it comes to 1031 compliance you want a QI on your team who has the experience and depth of experience to guide you and your broker. 

In general we like to take a measured approach that breaks up the DD into 4 areas: financials, initial walkthrough, compliance, and paid inspections/services. 

Okay, just make sure you have that refinance locked in before you pull the trigger.

If the MHP is grandfathered then the only way it can fully come into compliance with city zoning is either: 1) The owner agrees to it; or 2) The sunset provision in the city's zoning ordinances has been met - this is usually 12 to 18 months where the grandfathered use has been ceased (e.g. abandoned or otherwise destroyed). 

@Christina L.In Pennsylvania, transferring the property in your scenario will mostly likely trigger full realty transfer taxes.

You are building room in the backend of the note to cover your investor's entitlement while still making the money you're looking for up front.If you don't have a passive investor to sell to, then you're going to have to rethink your strategy here.Sidenote: If this loan is to a consumer at 12% interest, you might have what the CFPB calls a High-Cost Mortgage on your hands, in which, there's a lot more compliance to deal with.

There is some talk on wanting the IRS to clarify if it must be capital gains or if ordinary gains would qualify as well due to certain language that only refers to "gains"From what I have heard the reasoning behind requiring capital gains to fund OZ investments is to trigger sales and spur economic activity (you must have a sale to trigger capital gains) as well as to get some idle capital gains taxed even if they are deferred until 2026.

Once you rent for X amount of time it takes to save a more sizable down payment (20-30k) you can pull the trigger with no fear because you know your market.

I'm pulling the trigger to submeter water and sanitation at an apartment.

So Greg, Did you ever end up pulling the trigger and using REIVault?