The borrower MUST receive something of value for the deed in lieu, agreeing not to foreclose immediately and giving the borrower time to reinstate, or providing a modification, is that something of value.I need to clarify that these notes are commercial and investment property, so do not have to comply with residential lending requirements.With a deed in lieu there is no foreclosure, judicial or non judicial.  

@Robert BatesYou should receive an email for your audiobook download.

I'm a financial planner by profession so you'd think the default answer is, "heck yeah, always hire a planner!"  

Had a quick question.I purchased the property for $500K about 10 years agoI'm selling the property for $575K with the Fire DamageI received an insurance check of $380K for the fire damage.After Paying off the Mortgage + Escrow + Realtor Fee's, I'll be left with about $150K.My question is will I get taxed on this $150K?

I've received apps in the past where this was the exact situation only for the borrower to not qualify and be stuck. 

Your title, “new to real estate” may offer a key.  

Does it need to be converted back in to a rental after your 2 years to qualify for a 1031?

It's a shorter trip to Canada from Detroit, since you have to take a ferry from Cleveland. 

I signed a contract with delta on 10/2021, and received a permit in July 2022.

Multifamily real estate has traditionally been a stable asset class, and the Washington D.C. metro has traditionally been a stable market area, making the two together a good safe bet, especially for anyone with a long-term view of their investing strategy.