Marian - A $1000 total is a very resonable price, and most will split the fee between the sale and purchase, so if you do not end up identifying, you are only spending a portion of the fee.A GOOD QI will answer all of your questions, explain the process, and explain the tax code, prepare the exchange agreement and other necessary documents as per the IRS regs, setup an account for your exchange funds, have security measures in place to be sure your funds are secure, prepare exchange documents for your purchase, review your closing statements to be sure there are no items that may cause you a tax consequence, fund your closing, keep you updated through the exchange with account statements.Most importantly they will be bonded, insured and know what they are doing.

I'm afraid to put more money into this place but no one will purchase it with the crap building on it.Any advice would be greatly appreciated.thanks, Mariana

@Mariana PasinThe margins here are pretty tight to have a company buy a property, fix it, and sell it to you for profit and still leave enough meat on the bone for you to profit as well on the rental side.

Guam, USVI and Northern Marianas (as of 2008). 

Welcome to BiggerPockets @Mariana K.! 

Originally posted by @Mariana Lazo:I am surprised that on the  course you took they did not mention you must have a buyers list.

USVI, Marianas islands but sadly not Puerto Rico.  

I closed a deal in Yigo Marianas Terrace close to AAFB.. have $40k-50k AS-IS equity profits.. . if i rehab ($40k) can be $80k-100k profit. 

For purposes of this Act, the following definitions shall apply:(1) FINANCIAL INSTITUTION.—The term ‘‘financial institutions’’ means any institution including, but not limited to, banks, savings associations, credit unions, broker-dealers, and insurance companies organized and regulated under the laws of the United States or any State, territory, or possessionof the United States, the District of Columbia, Commonwealth of Puerto Rico, Commonwealth of Northern Marianas Islands, Guam, American Samoa, or the United States Virgin Islands, and having significant operations in the United States, but excluding any central bank of, or institution owned by, a foreign government.(2) SECRETARY.The term ‘‘Secretary’’ means the Secretary of the Treasury.(3) TROUBLED ASSETS.The term ‘‘troubled assets’’ means residential or commercial mortgagesand any securities, obligations, or other instruments that are based on or related to such mortgages, thatin each case was originated or issued on or before September 17, 2008, the purchase of which the Secretary determines promotes financial market stability; and, upon the determination of the Secretary in consultation with the Chairman of the Board of Governors of the Federal Reserve, any other financial instrument, the purchase of which the Secretary determines necessary to promote financial marketstability.

@Mariana Lazo You may want to check the current rents in the area in mobile home parks, lots, land and surrounding apartment buildings around the subject property.