@Alex Cuevas Welcome.should be an interesting meeting next Tuesday Free Energy Audits to help you determine upgrades, correcting your worst Landlord mistakes and picking up the pieces from Dave Lindahl's Multi Family & Ultimate Partnering 7 Bootcamps

FYI - I'm yet to win the lottery - ill keep you posted.I intend to use the remainder of my free time travelling to learn as much as i can about the real estate industry and prepare myself for my return to the UK.My ultimate goal is to invest in large commercial developments, initially i will be looking to flip small residential properties.Thanks for taking the time to read this.BenOh and as a side note, if anybody would like free impartial advice about any Japanese knotweed problems then please do get in touch, I would be happy to help.

Hi @Steve ChristmasWhen I was in multi family property management as a property manager I had to audit applications after we ran the application through our screening company.The way we did applications was anyone over 18 years of age would need to complete the application.

If audited and discovered, the transactions would be deemed as arrangements and both accounts would be penalized.

His QI is telling him the escrow would also be considered money received at closing but falls in a gray area if audited. 

While you might get away with paying capital gains, it may also increase your risk of audit, which may not be worth the trade-off.Again, I'm NOT a tax professional, so get professional verification of everything I'm saying before you listen to me

HUD loans are not cheap as there are many fees involved (replacement reserve is .6% of the total improvement costs, HUD application fee which is .3% of the loan amount, market study, phase 1, HUD inspection fee, annual audit, etc).

That means requiring audited financials.

Educating yourself and gaining knowledge and information on 2 foreclosure Defense tools: Securitization Audit and Forensic Audit.

@Ryan Melander, An audit of a 1031 if it ever happens will focus on documentation and timing of the 1031, arms lengthness of the transaction, and chain of custody of the proceeds.