Hi,Thanks everyone for the input.I just checked back and a 1099 was issued, and we paid the taxes.

I've been informed that completing the course alone may not be sufficient to pass the exam, so I’m seeking advice on how to prepare effectively once I complete it.Currently, my only other resources include a YouTube video, five practice exams, and a textbook.If you have any additional suggestions—whether online or in-person, paid or free—that could help me effectively prepare for the exam, I would greatly appreciate them.

I have one bizz partner I sold a 100 unit apartment to 18 years ago for 5 mil and he paid cash..

I have on multiple occasions, once with one of my own properties and a few times for clients been able to not only get the money they paid for a property but also gave them extra money in a total loss (protected the equity that has accrued due to inflation in the industry).  

There have been numerous people on BP talking about how they paid application fees but they could never get their loans closed on any deal brought to the company.

I have a two questions with regards to a 1031 exchangeThe first one is if I were to sell a property for 500,000 its paid off can I buy 3 new properties that cost 200 thousand each or does it need to be one property greater than 500,000?   

In five years that 100k has got you 15k+ (hopefully rents went up, paid off 10k+ in debt and your asset has appreciated 80k+. 

I would try to portion that off as a separate loan that can be paid back quickly - you'd need to discuss your plan with the PML.

I am not worried so much about maximizing it rather than that it gives me a bit; because as more of the estimated $150000 property mortgage I want to take is paid down, the numbers get a bit better with appreciation as well.

until past due balance is paid off.