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.

@Mariana Lazo what are the right and legal steps ?

@Mariana MoldovanuWelcome to Bigger Pockets.

Mariana Skonieczka was there someone living there who physically prevented you from walking up and having a look?

Mariana, I have been in this predicament before and have learned a few things.

But it would get you closer :)You cannot 1031 from US property outside the country except for a couple territories - USVI Guam and Northern Marianas Islands. 

My name is Mariana and I come from a small business owner background.

@Mariana Vonder Born Thanks — those are great points about condos not being a great for appreciation.

I am in a niche between Des Moines, Omaha, and Kansas City, so I should have some resources somewhere within driving distance.I am not averse to finding a good attorney to represent from me from Estonia, Beijing or the Marianas Island chain if necessary, but I thought I might find one close enough to shake hands with and see if I like them as a person first.Most importantly of all of these things, if they are closer to me, the likely hood that they are familiar with my market increases.