@Edward Heavrin not knowing anything about your financials I would suggest you first have cash or equivalents equal to your debt.

For instance - is he an outward people person, is he friendly, dress appropriately, appear confident, know what he is talking about, and have the charisma to pitch an idea people might not be familiar with where he builds their confidence in doing a deal?  

Most importantly, the registered agent is listed on the documents, so my personal name doesn't appear anywhere and I can't be traced.I registered the LLCs and then filed a Quit Claim Deed to transfer the property from my personal name to the LLC.

Both options appear to be promising.

And so many other factors, that are currently being considered, can have a huge effect on profitability.Since nobody knows what the future holds, the best plans are to prepare for tough times, don't stretch yourself too thin, and be prepared to grab great deals if they appear.

Looking at other listings, it appears that it is priced well, a little lower than other comparable homes.

The issue you have is that it doesn't appear that you have an investment property if you are letting a family use it rent free.A 1031 exchange requires the property that you are selling to be an investment property.best of luck.

What I can say is your property 2 does not appear to be an investment property (it should be purchased for owner occupant) and that you should be able to do better. 

But they appear to be suggesting that you're paying retail. 

It appears some folks are confused about the way this coverage typically comes into play.