Once the ex-tenant/ employee quit working, the company stopped sending the garnishment checks.

@Madeline Walsh if you are in the area you should stop in at our monthly meet up.

@Jake AndronicoI’ve looked into them but have never executed one.Let me say they will be expensive and complicated.I think what you will find if one is trying to defer $50,000 to $100,000 in gain, it’s not going to be worth the time and trouble.On the other hand, if client is trying to defer gain of $500,000 to $1,000,000, it’s worth the time and trouble.I use First American Exchange for my own account a dozen times and they have been right on the money.Google them and reach out.Arn

Every flip is like peeling back layers of an onion, but this one came with tears, sweat, and the occasional scream into the void.

One thing for sure is it's gonna be a looooong slog of it. 

Who pays when the resident knows they will eventually leave and stop taking care of the place? 

The market appreciates 3% per year.Pay cash for one house and rent it for $1,500.

Not a one and they know who I am and what we are capable of.

IF that is the case full stop - yes you are paying for something called insurance but if you have a claim the company has the right to pretty much deny coverage for having the wrong type of policy.Landlord policies are higher cost but for a reason - there is a different and increased level of risk when the house is not owner occupied.Talk with your agent and get all the details sorted out. 

In some states, such as mine, you can do one assignment per year without a real estate license otherwise, you will be fined $25K per transaction. 2.