No, it didnt.

If your market won’t appreciate you obviously need way more than the 5% you can get in the bank with no risk.

You can use your HELOC for down payment to acquire the property instead. paying all cash for this property so no DP required.

No thanks!   

Based on comps I could get about $2,200 a month in rent. that breaks down to :-$1,100 (+) -$600 = -$1,700 in mortgage/HEL$2,200 -$1,700 =$500.00 profitOr the Home Equity Agreement I get the $62k cash with no payment.

There is no statutory prohibition against buying from a related party in a 1031 exchange. 

Typically if no one bids on the property, they will initiate a price reduction on it.

I think you have no choice but to convert to cash yourself.....no one is going to take the risk/hassle of converting afterward.

Not considering it will take years of perfect rental with no vacancy or capex just to “break even” with where they are today. 

We also allow users to amend a post at any time with additional information by replying to that post again, just like what happened here.We have no plans to change how the forums work as it pertains to the deletion of posts.