Once he knows hes in the ballpark and $150k is good, get it in an attorney- prepared sales contract contingent on appraisal and inspection. 

It would take a special case to get it to work out properly.

Specially, if you are doing a flip or plan BRRR. 

I think I remember a special IRS rule that says you can do a 1031 exchange and split it so long as the divorce agreement says you will do that.

If you guys have a good general or specialized book on the topic you’d be willing to recommend, I’d be very appreciative.I’m planning on using my trade skills to do self repairs where needed to help offset the cost of owning and maintaining these properties.

Hardest way: Craigslist (not as popular in Canada as in the US), asking your neighbors (everyone thinks their house is special and deserves higher rent)

I specialize in multi and single tenant retail properties but have experience in most all categories of commercial investment sales.Recently I have completed all the CCIM courses and expect to be pinned this fall. 

ILLINOISTitle companies, lenders, and attorneys may conduct closings, but only attorneys may prepare documents.

@Mike Gallagher I'm not sure on the utilities yet, the agent wasn't prepared with that information.I know the rental market is on the rise in Ogden, but $850 does seem on the high end given the outside view of the building.

@Jason BocekIf you plan to file your own return - You should look into reading the following form instructionsSchedule E - supplemental income and lossesForm 4562 - Depreciation & AmortizationForm 8582 - Passive Activity Loss LimitationsHowever, you may be better off find a professional who can prepare your returns correctly and provide you tax advice.Your rehab expenses may need to be capitalized if it was paid before the property was livable.You should be entitled to other expenses outside of interest, taxes, insurance(remember paying down loan balance is not a deduction).You should interview a couple accountants here on BP.