Anyway, due diligence is a checklist process...and the first 3-days in contract are fast paced to keep you protected....the initial goal is to preserve your capital...that means a contract clause requesting an agent walk through with copies of all leases, rent roll, and income and expense reports within 48-hours is standard.

QT via AP should never be the goal but anytime you work an opportunity, it’s best to preserve that option. 

Just curious again none of my business.No partner other than my wife.Goal is time freedom, preservation and future generations at this point. 

We are in the middle of permit processing from the City and a tree removal issue is holding us back (San Antonio, TX is a tree preservation city.. or something along those lines)Facts on the current situation are as follows:- We (the new owner) are held liable for the penalty on tree removal prior to permitting approval and the mitigation fee as we are the ones processing the building permit currently.

Congress looks like they're going to preserve that along with the 1031.  

However, just because a property ARV's at a price, doesn't mean you can't tell the lender you only want a loan for X amount, thus preserving cashflow.

The mtg servicer decided to be proactive and hired a property preservation company to enter the property, change the locks and that measures to "protect" the property from deterioration. 

We are in the middle of permit processing from the City and a tree removal issue is holding us back (San Antonio, TX is a tree preservation city.. or something along those lines)Facts on the current situation are as follows:- We (the new owner) are held liable for the penalty on tree removal prior to permitting approval and the mitigation fee as we are the ones processing the building permit currently.

I would pick 2nd option and preserve cash.

I am invested in half a dozen states into private multifamily & commercial NNN syndication deals, so I'll have a handful of K-1 forms for 2021 needed to be filed in 6-7 different states to preserve my state income tax loss carry forwards.