Sometimes, these articles are outdated or just flat-out incorrect.

Mindy, you aren't incorrect, in that it's a really low asking price.

Sounds counter-intuitive, but it can make sense.Your statement about returns is incorrect as the 3 cities with Best Buy n hold returns since 2000 are all California cities.  

I am open to different ways of conducting the transaction and giving the investor security, an llc just seemed like an easy way to buy, sell, and control the funds.Edit to add: I am looking at it from a different (incorrect?)

It would actually be slightly better, I think, Because I'm using part of his funds during the const period, and I don't have all 90K invested until 120 days in. Correct

Good point on them possibly installing the appliances incorrectly and causing damage.

People use the terminologies differently, and incorrectly, all the time.

“I'm meeting with my accountant in a week”… I would talk to a 1031 pro also… These can be tricky if not done correctly… and 6 years from now you don’t want to find out it was done incorrectly and that you owe say… $175,000 in Taxes.Just my 2 cents...Anyone have any "helped a family" member story they would like to tell?

f=78That said, please read our forum rules before posting a deal again in the incorrect place on the site.

@Michael StoleHe was probably just posturing.