@Eric SmithGenerally, if the taxpayer sells the relinquished property to an unrelated party, the taxpayer generally cannot acquire replacement property from a related party unless:The related party is also participating in a 1031 exchange.The related party pays more in tax on the sale to the taxpayer than the taxpayer is deferring in the exchange (this scenario is rare).Let’s look who is considered a related party: Spouse, children, grandchildren, parents, and siblings.Corporations and shareholders owning more than 50%.Commonly controlled corporations.Partnerships and partners with more than 50% interest.Trustees, grantors, and trust beneficiaries.Non-Related Parties:In-laws.Aunts, uncles, nephews, nieces.Friends.Domestic partners.Entities owned 50% or less by the taxpayer or a related party.In your case, your mother-in-law, aunts, and cousins are not considered related parties to you under the definitions in Sections 267(b) and 1031(f).

It was three years of "terror" wondering if IRS would follow up either with the Partner or the Partnership itself [to answer your question].  

@Devin James I definitely agree with your main point.

I definitely would recommend each of them - very resourceful and of course, investor-friendly.

Hello I found a property that needs 100k in repairs and was wondering if I could get a loan for an uninhabitable house or should I do sellers financing and finance the repairs?

Hi Esther,You’ve already put in great effort, and your services are definitely valuable!

You're definitely on the right track! 

Living in the house has definitely slowed progress. 

Well, that’s definitely something to write home about. :-)You use the word “WE” a lot.

Hello BPers I was going to attend my first local investor event/meet up and was wondering what people normally wear to these things.