Wow, small world eh, yeah Ilderton is literally just a 10 minute drive from me!

So a buyer would really open up a world of issues buying said property.Honestly, the price would have to be ridiculously low (not just subtract the cost to repair said issues.. but a LOT more) for me to even consider buying it... and no matter how low...

My credit is bad but I can afford the monthly payment on a $50K property no problem because I am an online freelancer and have verifiable consistent online income plus I work full time in the real world.

@Justin Butterfield this is normal in the commercial mortgage world, although you can definitely get a longer term than 5 years if you are willing to give up something on the interest or point side.

@Dave Foster is one who works within the 1031 world. 

It has been going on in residential and commercial real estate and in other businesses around the world forever. 

Having the BP community is like having the best mentors in the world at your fingertips.

Welcome to the wonderful world of Self Storage. 

Honestly, the bus is KIND OF annoying, but it's not the worst thing in the world.

@Scott Stahr 1) In an ideal world you would have a renter in place first so that all payments of the new mortage are made by renters and not you.