Business Continuity: If you invest with partners, a properly structured key person insurance or buy-sell agreement funded by life insurance can ensure a smooth transition if one partner is no longer around. 

Definitely looking into meetings and going to meet them in person.  

I am the owner of DealMachine and take personal responsibility for making sure we communicate clearly and have issued a refund to you (the initial charge was April 2023 and it is 2025 now... sorry it took so long to see this).Direct mail is a hard cost, so when you send out direct mail, you get the first 20 free during the free trial. 

I want to make sure I’m as prepared as possible before diving in.Thanks in advance for any advice or personal experiences you can share!

I can't point you to the specific law, but he has personal experience.

If this is a project for you and you are newer to flipping I would have a seasoned person/mentor help you through this that has done it in the city for example @Joshua Janus as he mentioned it did it.

Also, how were you able to find a person to fill that role and does that person have an additional part time job?

I'm a positive person like most of you probably are, and trusting, and the the way Peter Harris has his program set up to "sell you" is a thing of the past and something I would call predatory.

Intangible assets like goodwill or tangible personal property (e.g., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.

I will actually be up in NYC in April so we could also connect in person before you come down.