Yes, it is a partition suit, just be aware that no one is guaranteed to end up with a property, if you bring the action you can ask to buy the other interests, but the process isn't always a shake n bake.

For those that have invested with us in our developments (over 800 doors and $200M in sales) all but one out of state investor have flown in at least once to see the locations, economics of the area, traffic patterns, shake hands with the people involved (lender, broker, PM, builder sometimes, etc).  

I'm shaking my head in disbelief actually for the potential tax savings.

All of his posts had me shaking my head either east-west or north-south, that's for sure! 

When the dust settles we'll see how it all shakes out.   

About 10% of all census tract are QO Zones so this is a pretty wide swath of the nation.Benefits to the Investor:Deferral of the capital gain income invested until the earlier of the date the fund is sold or 12/31/202610% Basis step up in year 55% Basis step up in year 7After holding for 10 years, Basis = FMV and no gain is recognized on sale.There is still a lot that needs to shake out between here and there; but, (as of now) the only way to preserve the option of the deferral is to get funds invested into a QO Fund within 180 days.Hopefully your tax people are on the spot with this; but, it's so new, cut them some slack if they aren't. 

I shake his hand, "¡Hasta la revolución siempre!"

I'm shaking, and sick to my stomach and I could really use any help possible.

Third, perhaps the recidivism rate is so high because no one will give them a fair shake afterwards.

Other than that relationship, I am "hands off" (as long as there are no issues like the wrapped lender calling the loan due, or having to foreclose on the buyer for nonpayment).Directly after the second closing, I take the $20K downpayment and repay the transactional loan.Net Income Breakdown Year 1RevenueBuyer PITI Income: $1030 x 12 = $12,360Down Payment: $20,000-------------------------------------------------------Gross Income: $32,360ExpensesWrapped PITI: $830 x 12mo = $9,960Advertising: $100Finders Fee (Wholesaler): $500   - based on podcast 70Closing costs: $2030Collection Agency: $10 x 12mo = $120----------------------------------------------------------Total Expenses: $12,710Net Income: $19,650 ($2,400 in note payments, $17,250 in DP - Expenses excluding PITI)Net Income Year 2+: $2,280 (Note payments $2,400 - $120 for collection)I am not sure how the insurance will shake out (as in who needs to be on what documents) but I am assuming that if the seller cancels his policy that the replacement from myself or the buyer will be the same price, for sake of the example.So basically I walk out of the closing with $17,250 in my hand, and residual income each month for the life of the note, which I could hold or sell for a significant discount.Am I missing anything, are my assumptions about how the process works and my numbers fairly close to reality?