My understanding is that just before closing, the non-exchanging members' shares were bought out at the sale price, leaving all the remaining members to participate in the 1031 exchange.    

I think banks, almost all banks, have federal guidelines they must follow to participate in government sponsored programs e.g. fannie mae, freddy mac, FDIC Insurance, as well as a plethora of other government sponsored banking platforms.I'm not a banker, so maybe they can apply for a Mulligan, but it just seems odd in todays highly regulated environment that a bank would be able to walk away from a collectable mortgage, even if the cost of foreclosing was greater than the cost of walking away.

MLS is ruled by wholesalers and institutional cash buyers and it will probably be that way for a while as long as inventory is tight. 

The more you participate on this site, the more it will benefit you!

There are ways to earn this much on your money without the headaches of dealing with actual properties simply by offering to finance other projects for people and participating with them on putting a deal together.

@Robert FraserI would recommend blogging and participating on this site!  

I am now officially signed up and have every intention of participating and utilizing the networking, tools, and all the glories this site has to offer.

I look forward to participating in these discussions and learning as much as possible!  

@Timothy McKinneyIf your partner is self-employed, he should consider opening a self-directed solo 401k, then transferring his former employer 401k to it and then processing a solo 401k participant loan.

Hello BP,I have been a member and participant here for a little over a year.