The journey ahead will most likely be challenging but keep after it...Since quitting my job, I have bought and sold 4,000 apartment units valued at $200 million.It seems like you are very motivated, and in case you need a gentle nudge to take the next step, you can learn more about my journey at this link:I quit my CPA Job to buy Large Apartment BuildingsTo your success 

Now the rules of sec 121 again apply with a couple of twists because it was originally a 1031 property.d.

I know many are all up at arms about all of this but I still simply think it is not too far from what use to be with a little twist. 10 years ago, many were concerned about similar ramifications with "mortgage processors" and whether some states required license for what was usually considered an administrative task.

:) I think the key here is that no-one in this thread is suggesting that anyone omit information, twist reality or in any other way commit fraud by lying on a loan application.

It sounds like wholesaling with a twist. 

I have a friend who wanted to rent from me and I had to gently say no.

By common definition a fix n flip is purchased primarily for resale and does not qualify for 1031 treatment.I've long advocated the simple twist you are contemplating.

Hi @Sherrod WesleyThere is a lot of great information online about the 203k loan and you should definitely look up some state-specific information as each state tends to put their own twists on this. 

But I know they're only asking in such an overly gentle manner because they've had stuck up brats before (and seen plenty on social media) whining about how if they stayed at a Hilton they wouldn't have to "pay a cleaning fee and then clean the property myself", where apparently spending 10 seconds wheeling a trashcan 20 feet is "cleaning the whole property" themselves.Again, I'm just glad I have mostly larger (and some rural) properties where those kind of guests aren't frequent. 

At the same time, I will send comps from the neighborhood in the last year showing lower sale prices per square foot, and gently suggest that they have misunderstood the market at the neighborhood level.2.