A LOI is to initiate a general consensus of intentions, to be followed by exploration of details, to facilitate setting of exact details to transaction.

However I am concerned about getting too burned...I have now had numerous dealing with the sis and I realize she is consumate liar and can't be trusted.thanks all for your quick feedback.would you sell to her and be rid of it - or try to fight those leases and win a sweet 3 family?

I've seen postings on the front door of the property about investors trying to purchase it from the owner numerous times.

Because it is a more complicated process, the exchange fees are higher (around $7K versus $1200) but in the big scheme of things it could be to your benefit.When you speak with the exchange accommodators, ask them for referrals on lenders that can facilitate this, as not all lenders can make this happen.

Sponsors made millions or tens of millions in acquisition fees, loaded them up, and were happy, in some cases, to layer in 1031 exchange facilitation into these types of deals using DSTs as the cherry on top for even more guaranteed, often upfront, income. 

Wouldn't you say accountants have more to gain year after year with tax return prep if their clients were to have numerous entities requiring business returns to be prepared…..I am not suggesting  there aren't attorneys out there who upsell services.

I could post numerous videos of guys doing it in way less time than 1 hour let alone two hours.  

Having over 10 years of experience in the electrical field, and correcting numerous poorly executed electrical installations, one of the biggest value adds that I have is this experience.

Major corporations like Oracle, Hewlett Packard Enterprise (HPE), and Charles Schwab have relocated their headquarters to Texas since the pandemic, with CBRE noting that companies can save 15% to 20% in employee wages by making the move.Census Report Link: Texas experienced the largest numeric population change in the nation, adding 473,453 people in the past year alone, surpassing even Florida.The recent price decline follows some of the largest appreciations in the nation and presents an opportunity in a state that continues to experience tremendous growth. 

I can set up the formulas to work in a way where 1 input can change numerous ones at the same time.