They are (or were) friends and now are having a falling out.  

They fall short of understanding what they're getting involved with.

But the two may not mix.An intermediate product like a TIC is a good thought but since what makes the tic qualify for 1031 treatment is that you take a deeded tenant in common interest in the real estate, it too must fall under the regs.

Hey all-Long time listener, but new poster in the forums.I will be selling my Boulder, CO condo this fall and moving out of state.  

If you are servicing your own loans, you do not fall under that category and are exempt.

If you fail to respond, or fall behind on the minimum payments, amount will be turned into collections in October.

That said...if you have a HELOC and draw funds for a purchase that might fall through... you simply pay the HELOC off and call it a day.

It does however become more difficult.Yes you made the age old major mistake in the beginning as every new landlord does of fall into the trap of trying to please their tenants and be the "good' landlord.

I have had this thing for years , great for leaves in the fall except for unloading .  

One last question, and again sorry for bombarding you at this time at night, so if I was to take out an FHA loan, the 3-5% down payment would fall under acquisition and the mortgage for the year would fall under the expenses right?