I've largely stayed away from the "sub-to" buz word, but I have done a couple sub-to flips knowing that I only needed to hold onto them a couple months and I was prepared to pay off the notes if they were called.Sub-to for long-term hold on the other hand has me nervous. 

Lol  Just cancel it then and walk away :)  take the write off at the end of the year.

Your 1031 will have to be for the net selling price, not just the amount you clear after paying off any debt. 

I would like to start off by saying thank you all for providing such a wealth of knowledge on this site and via the podcast.

So far the condo investment has been pretty hands off as the HOA handles most things

In off season when its a mid term rental I manage.

I acknowledge I made numerous mistakes, but I do think I have a lot working to my advantage here.

Hey @Jonathan Vinas, @JD Martin hit the nail on the head.You are better off looking in areas with no restrictions if you can.I will say that some of the restrictions might be able to manage.

CA has by far the greatest competition for off market and foreclosures in the nation..

I was looking for something cheap, but nice at the same time. my real estate agent pulled through and found this property being sold off market.