Sold to tenant before having to pay capital gains tax (extended occupancy test due to military move).

If you use any of the major mailhouse services, like Yellow Letter HQ (a service I can personally vouch for), they offer a variety of templates and even provide text suggestions.A smart way to analyze this strategy is by observing people in your local market who use mailers and identifying what works or doesn’t work for them.The simplest and most effective way to test this approach is to pull a hyper-targeted list of distressed homeowners and run a small-budget mailer campaign.Hope this helps!

If you were to read through the Chapter 3 Building Planning in IRC you would get a pretty good idea of many of the basic requirements.The best way to learn this quickly would be to take a general contractor test prep course. 

Nothing crazy, but a good starting point for me to test things out and see how it goes 

I personally recommend doing a small project together first to test the waters. 💡4️⃣ General Tips: If you're partnering out of state, legal agreements are a must.

Anybody can call themselves a General Contractor with no testing.Some municipalities have specific licenses which require little to no testing.

Material participation requires meeting certain tests, such as spending 100 hours or more on the activity and participating more than anyone else.

However, I’m still mindful that this is our first deal, and I want to be prepared for potential surprises.Here’s what we plan to check during the walk-through:- Overall condition of the HVAC system (I’ll test it myself with HVAC multimeter)- Electrical issues (I'll assess as well)- Plumbing, which my brother, a journeyman plumber, can help with if needed- Any significant structural concerns, mold, foundation issues, etc.

But, something to add that you have to understand is that a 3-4 unit has to be meet the FHA self sufficiency test.

I don't think you qualify for a 1031. owning a property your mother lives in doesn't seem to meet the held for investment test necessary.