You might consider other strategies, like taking a home equity loan or refinancing to fund repairs, but consulting with a tax professional or CPA would be the best next step for your specific situation. 

Taxes is not my area of expertise so I suggest readers consult with their own tax advisor on this subject. 

Originally posted by @Brett Cox:I filled out the form to inquire about their services and it mentioned a 15-30 minute consultation.

Your client should consult a real estate attorney to draft an agreement with the ex and ensure there are no legal or tax issues, especially since this is an investment property.

So consult a tax experts who specializes in real estate on how you can account for the 70k in the most advantageous way. 

Consult an expert, but my understanding of a 1031 is that you can't pay cash for the next deal unless you paid cash for the original one. 

Depreciation begins once the property is rented.It’s essential to consult with a real estate attorney to ensure compliance with local laws and to handle legal complexities.

I don't have any specifics but as someone who is into tech, accounting/finance, and a consultant to grow businesses.

For me just too much work.. as I stated its a specialty niche.. plus putting the deals together can run 100 to 250k in consultant fees up front. 

Good morning evandro,Each buyer may have a different attorney. the one that I have hear great thing are the following: but please each buyer should consult with their legal council of preference as the choice of an attorney is very personal.Aaron Thalwitzer, Esq.299 N.