Holding Guidelines for 1031 Exchange Properties While the Department of the Treasury Regulations and numerous rulings make it very clear that you must have the intent to hold your 1031 Exchange property for rental, investment or use in your trade or business, they fail to define exactly how long or over what period of time you need to hold your relinquished properties or replacement properties in order to qualify for a 1031 Exchange pursuant to Section 1031 of the Internal Revenue Code or Section 1.1031 of the Treasury Regulations.Property Purchased Just Prior to 1031 Exchange The Internal Revenue Service has routinely taken the position if you purchased your relinquished property just prior to your 1031 Exchange transaction that you have actually purchased and are holding the property for sale (inventory) rather than holding it for rental or investment.

Hi Justin, I work routinely with foreign investors and the advice I can give is to get in touch with a tax attorney specializing in foreign tax issues.

Thanks guys for your suggestions I will try to include both of those in my routine of finding motivated sellers.

I'm still getting better at this and trying to routinize it.

I'm just trying to get the routine down.

I personally choose my roommate tenant based off of mutual acquaintances who could vouch for them, as well as getting a sense of their daily routine.  

Regarding Dave's preaching against both bad AND good debt (yes, I said good debt, which has been explained as debt that pays for itself and also creates new income ie. positive cash flow), I can't see how Dave can end up in his retirement years anywhere close to being as rich as those investors who have had the same income as Dave but routinely borrow against that income (and its subsequently increased cash flow) wisely throughout their career.

I'm envisioning loud parties, routine drug selling and consumption, roommate issues, etc. 

R&M - should be including routine items but also costs to turn the unit after a vacancy. 

If you follow this routine you will have more clarity on whether someone is interested in applying.