Aloha,The PM/handyman should have closely examined the area for the source of an apparent water leak, and repaired the source immediately.

Here are just some examples:Loan collection reportsAll telephone collections must be recorded and kept on file, a monitoring program and training must be in place.Toll free numbers, payment books or EFT arrangements made, notices of changes of payment or address at 90 days, active accounts with contact information are confidential requiring security measures, accounting software must be verified compliant, there must be a loan resolution program in place dictating how and when complaints are transmitted, issues addressed within the required time frame, offers of any modification noted such as allowing a few more days to pay without penalty is a modification, must be recorded and portfolio servicing records must be on file in good form for examination, I could go on.....There is the law and there are matters absent of requirements or exemptions and there is then reality, you're right, third party servicers are not required for small lenders, compliance with servicing requirements are.

The buyer uses the loan funds to acquire the property, and then escrow delivers those funds to the QI for use in the exchange.CONCLUSIONWhen combining a seller carryback note with a 1031 exchange, it’s important to carefully examine all the options and consult with your tax advisor and First American Exchange prior to setting up the transaction.All the best!

You have to thoroughly examine your expensive investment, else you may greatly pay for it later. 

Aloha,It really is important to closely examine the terms of your Management Agreement.

PrepAgent study program is what I used for a month afternoon finishing the course and they are the reason I passed my exam in the first try.

Does anyone have a recommendation of a prep course to take for the Real Estate exam in Michigan?

Pretty easy to navigate through their website and course and finished it and passed the exam in about 28 days.

It also won't make up for for her difficulty in selling the property in the future because nobody else wants you driving past their window.To make it even more difficult to examine title, if you bought Parcel C and I retained Parcel B and the deed to you doesn't mention a easement in favor of Parcel B for access doesn't mean it's not there and you might be surprised post closing when I claim one.In short, in my opinion, automating title searching and examination very well make more money for the title companies but it will result in increased claims by insureds. 

The "taking away tax free status of Roth accounts", while on its face appearing to be a possibility, falls apart upon further examination.