How did you not serve it correctly?

@Stevo Sun is correct.

A licensed HVAC Contr will have the right tools to test the lines and set the refrigerant levels correctly.

Right now, we are stuck on setting up our LLC/Structure in order to work towards this strategy and want to be sure we do so the correct way before getting started.

My advice for you (and my future self) so far is:- be very detailed about underwriting your deal- add at least 30% to what you think your rehab will cost (even if this figure came from a GC)- have a really detailed design concept before work starts (including fixtures/trim/color scheme/etc)- check with your city/township's building department and see what permits you need up front- have more than one exit strategy- add a few weeks/months to your projected timeline- purchase cash if at all possible- build relationships, take notes, and learn lessons along the way- have funGood luck! 

In any event, if this was a foreclosure auction, the lien from the bank should be gone after the auction UNLESS the auction wasn't run correctly and the lender was not notified or some other flaw in their process.

We're trying to raise a portion of the funds for a small resort (6 cabins) from private individuals and I'm running into some difficulties: The whole real estate syndication accredited vs/non-accredited investor thing (if I'm understanding it correctly) seems to be a huge hindrance to actually raising money from average (non-wealthy) people that would normally be the kinds of people I'd come into contact with.

And if so, the 1031 would have to be for a "third" (or more) property equal to or more of the value of the selling price, correct?

Then it makes sense to spend money on the inspections, surveys, contractor bids, etc.Financials - Review of the financials can be tricky, particularly when the current owner has not kept the books correctly.

So the restriction only allows it to be rented out for half the year correct?