Whenever possible I attend the inspection and follow the inspector as he conducts the inspection and ask him questions during the process.

However, purchasing the replacement property from an estate where your mother-in-law is the executor and other heirs are your wife's aunts and cousins raises potential related-party concerns under Section 1031(f).The IRS generally prohibits 1031 exchanges between related parties unless both the buyer and seller hold their respective properties for at least two years after the exchange.To stay compliant and avoid disqualification, ensure:The estate sells the property directly before any distributions to heirs.You hold the replacement property for at least two years.The transaction is conducted at fair market value with no prearranged agreements.Given the IRS scrutiny of related-party 1031 exchanges, consult a qualified CPA or 1031 exchange accommodator to structure the deal properly and avoid potential capital gains tax liabilities.This post does not create a CPA-Client relationship.

Quote from @Red Smith: Sheriff Sales are conducted by counties, so each county will have its own individual rule set for how the auction is conducted.

The student brought the mentor in to conduct formal due diligence and the partnered together to make an offer on the property.

Hi Matthew,I’ve been conducting my own research and self-learning over the past several months, trying to absorb as much as I can on my own.

Which means you look back at Section 469(c)(1) which says this, "(c)Passive activity definedFor purposes of this section—(1)In generalThe term “passive activity” means any activity—(A)which involves the conduct of any trade or business, and(B)in which the taxpayer does not materially participate."

Always conduct your own due diligence and consult with a qualified professional before making any real estate investment decisions.

This can also be triggered if they have kids or what they perceive to be valuables in the home that have not been secured.It can also relate to how you conduct the inspection.

@Kenneth Joseph Perfido If you’ve moved to a new state and plan to conduct business there, you generally have two options: register your existing LLC as a foreign LLC in the new state or form a new LLC in the new state.

If millenial homeowners can't even change their home's air filters, or snake a toilet, or change the oil in their car, that's guaranteed future business for HVAC companies, plumbers, mechanics, and those places all need a place to conduct business in.The commercial mortgage pricing software I use has somewhere around 50 different asset classes in it.