@Greg Callan Yeah that does look pretty reasonable you could manipulate it a bit by doing basic maintenance and self managing.

I am curious as to how big time investors with many properties manipulate a 1031 exchange.

Manipulation of numbers is all too easy.

@David FuhrmannTheoretically, if you still want to go through with this, forget HardieBacker and go with firebrick and the specialized high temp mortar for firebricks which is also used for casting.

Rules have been changed and in the past it was OK to borrow as collateral as temp loan.

In not trying to manipulate the deal.

IT IS FURTHER ORDERED that the Sheriff ceases execution of said orders:a) Whenever the outside temperature is 15 Degrees Fahrenheit or colder on the actual date of the eviction, That temp is cruel all by itself.

My point is that if a problem tenant gets into the property, they can manipulate the system to their advantage.

Ma & Pa investor don't know how to work the market (which has volatility, "flash crashes", hacks, hedge fund manipulation,) and plenty of outside influences outside of their control, that limit their growth.

Excuses don't cut it.My scenes is that both you and your brother are enabling him and he is manipulating your brother through guilt.