Thanks for the advice.I spent all last night reading several of the posts in the foreclosure forum and I can definately say I learned quite a bit just by doing that.

Property values definately have gone up drastically.

The great thing I've been learning about RE investing is that you can customize the type of work you do that suits what you enjoy doing.Nice to have you aboard, and I would definately be interested in connecting in the future.Good luck!

Remember, though, that the main component the HML is going to look at is the equity in the deal.

Dealer status and homestead tax free gains are separate subjects from exchanges, though they do intermingle in some ways.Dealer status comes from flipping "too many" properties (a definition not definitively defined by the IRS).

Finding what works is definately overwhelming but foreclosure is a smaller niche than just I buy houses.

This law is defined under section 1031 of the Internal Revenue Code, 26 U.S.C. § 1031.IRS rules control the length of time that the replacement property must be held before it may either be sold or used to enter into a new tax deferred exchanged.

Trekking through the jungle so to say is a major component that sets us apart.

The michigan housing market has been down for a bit and it is definately a buyers market and i think this would be a great time.

But, without a defined need for the structure, in this case it's been challenging to create a business for the location at a cost with a positive ROI.