Please advise what paragraph or statute   Has language stating withholding is required.Thanks, Todd G.

Minnesota has a specific statute about this for landlords:https://www.revisor.mn.gov/statutes/?

Generally, if you dont have a provision on your agreement, the state statute takes precedence, so you might be ok from the liability protection standpoint.

Most states will have a state statute that allows you to act on a tax lien and then after that they go away. 

I have never read any literature/statute relating to NJ landlord/tenant law using that terminology.  

All 50 states have language in their state insurance statutes that state something on the order of "Insurance companies must make loans to their policy holders secured by nothing but the cash value of those policies."

There is no MN Statute that requires a grace period before accessing a late fee;  as long as it is agreed to first in writing and the late fee accessed is no more then 8% of the past due rent. 

@Bethany James, The QI you select to work with does not necessarily need to be located in close proximity since 1031 is a federal statute functions the same in all states with a few nuances. 

The article recommends keeping the LLC in place until the statutes of limitations passes.Is this advise accurate? 

By the terms of the agreement, sellers have very little risk as they are free to continue their own marketing efforts and their only obligation to the optionor is to sell to them on acceptable pre-agreed terms, and/or to notify them if the seller's own efforts produce a buyer first.The statutes of frauds make it illegal to offer for sale, or enter into a contract of sale for a property which you don't own.