I have a total of $150 bucks into both vehicles for vinly lettering.

You have exactly 45 calendar days from the date that your replacement property is "parked" by the Qualified Intermediary to identify what you are selling, which most investors already know so it is just a formality, and you have exactly 180 calendar days (including the original 45 days) to complete and close on the sale of your relinquished property.The other benefit of the Reverse 1031 Exchange is that in the unlikely event that you are unable to sell your existing property within the 180 days in today's market, you have a failed Reverse 1031 Exchange, but since nothing has been sold you have no taxable gain to worry about.Personally, I always use the Reverse 1031 Exchange so that I do not have to stress out over the 45 day identification process in a Forward 1031 Exchange.

Saying "partner" is a business identification of a party to some venture, not an individual investment.

One example is that I do not receive 1099s from all of my customers.Got to http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Apply-for-an-Employer-Identification-Number-(EIN)-Online-Steven

Additionally, there are auction sites such as Auction.com and NIAM.com which sell via bid auction whole loans.Here on BP there are some folks who work with various sized investors new and experienced in the identification and acquisition of whole loans.

The 45 calendar day identification period is only for the identification of your replacement property.The closing of the first relinquished property will start the 45 and 180 day periods.

We can search based on last name, property address, property identification number etc. 

This way, you do not have to deal with the stress of the 45 day identification period, and 180 days to close on your replacement properties.You could also make your sale contingent on the purchase and close the sale in the morning and the purchase in the afternoon of the same day.

There seems to be plenty to choose from in desirable neighborhoods, so I just need to run the numbers.The 1031 is a tough animal due to the 45-day identification period, which is difficult being so far away.

This includes determining whether their interest is held individually or through an entity like an LLC or corporation. 2) Even if you don't have a tax liability, you will generally be required to file a U.S. tax return in addition to a state return in many cases. 3) If title is being held individually (or through an LLC as a disregarded entity), you need an Individual Taxpayer Identification Number (“ITIN”).