Anyone can sabotage the financing simply by having their credit report pulled at a furniture store or two.Best policy is to have a good relationship with a good lender.Another point, if the buyer still wants the house add a sudden death clause to the purchase contract and realist it.

I remember a couple times having to cut furniture apart to get it out the doors.If you can get more than market rent by accepting Section 8 it may be something to consider but I personally prefer to rent to people who can afford to pay. 

It's kind of like a homeowners policy, but for non-owner occupied dwellings and typically doesn't cover the personal possessions (furniture, etc.) inside the dwelling. 

You'll need a $1,000 emergency fund in case you get hit with any unexpected bills, then you can pay off your credit card debt, and make sure you have some cash reserves for any property incidents that may arise or paying for the furniture you'll need while you live there for a year or two.Great work and good luck!

There is the real estate component which qualifies for 1031 treatment and there is the personal property which may only be exchanged for like personal property.If you're simply wanting to go buy new furniture out of your 1031 that's not as easy unless you close your purchase and use an lOC on the new property to purchase the personal property.

We had a budget for that too and wanted to use the furniture for future flips, but used that budget for this house.  

1 day  to remove the furniture and carpet, and 1 day to install.

I found one going up for auction in my neighborhood later this month and I drove past it this morning to check it out. looks like it could be a good deal for the right purchase price. only problem I'm having is there are cars in the driveway and patio furniture on the front porch.

I highly recommend getting some nice furniture.

Plus, it's mostly things like guitars, guns, the odd piece of furniture we've been selling off bit by bit, so we never really thought to do paperwork on it.