You need to know, not assume, but know, foreclosure laws and requirements of securing collateral in the state where the property is located and as applicable under the Uniform Commercial Code and applicable federal laws.Buying a note is also assuming the liabilities to some extent of past note holders and the originator.

Just my $.02.Would that even be permissible by building codes?

Not all states' tax code recognize that a 1031 exchange exists, so in those states you will pay tax on the gains to the state tax collector.Best to calculate your expected tax obligations both ways to see how much you actually benefit; don't forget to add in fees paid to the QI for the scenario where you assume doing the exchange.The other thing to consider is how long will it take you to find suitable replacement(s).

@Ronnie Sparrow I'm not sure about Stewart Title but you can get that info from listsource and narrow your focus based on a map or zip code search.

Once I have my list, I filter it out to specific zip codes and other criteria.

Hey all you Raleigh-Durham/Triangle area investors, specifically those of you who are flipping property, is there specific zip codes or neighborhoods that are a no go in your opinion?

My brokerage is working on a property in Pasadena CA that has a long list of code violations(see attached photos).

Does anyone know which zip codes to buy in Norfolk, Portsmouth, Chesapeake or Suffolk?

There may be a reason the seller does not want an agent involved other than commission which they are hoping you will miss like a code violation or cloud on title for example.

If you want more specifics on our goals, please ask and I will gladly share.We are currently sending out marketing to Non-owner occupied in a certain zip code in the Colorado Springs area.