Please speak with your tax accountant asap or find a 1031 intermediary asap.

I know for example we can fund up to 90% of the purchase and 100% of the rehab when we're funding the purchase and the rehab.

If I see a listing come up that I want access to ASAP, their value is earned by getting me in and drafting the contract as fast as possible.

I'd also like to try to purchase with a land trust or my LLC. 

I definitely wouldn't sign a purchase agreement before seeing the property.

I love his story about overcoming drug addiction and building a rehab, I guess I’m a sap lol, but it’s good to know it’s not worth the money!  

Keep their deposit and get the place cleaned up and rented out asap.

This sounds like a home run and a great first purchase!!

My thought was that I would need a tax guy/accountant to file for this year now that I purchased a duplex.

I'm looking for advice on whether I should purchase my father-in-law's 6 unit apartment in Burien, WA (10 minutes south of Seattle) as my first deal, or perhaps help find him a seller that would pay more than I could and is a couple years ahead of me in REI.