The passive investors put up all the money and take all the risks and then get taken out when the property is de-risked and stabilized.

As of late I've been considering the move of investing in Delaware, Dover to be specific.

Enviáme un mensaje con cualquier pregunta acerca de inversiones pasivas.

In DE state you need to get a state license to do major work even on your own home, like getting new service or upgrading amps of existing service.In some PA cities, you can not work on your own home doing plumbing or electric if you are not licensed and reguistered wuith the city. 

Thanks, @Lindsay Op de Coul!

Are you referring to a Delaware Statutory Trust, or a deferred sales trust?

So if you sold for $1m and bought a property for $400k the IRS would look to tax the $600K you didn't spend.Since you don't have excess cash you may want to consider something like a Delaware Statutory Trust which will absorb your debt with the institutional financing of the sponsor.

Have you considered Delaware Statutory Trusts?

This is my first 1031 Exchange and I’m learning from it If you cannot find anything to buy, you might want to consider investing in one or more Delaware Statutory Trusts (DST). 

If you are not able to find a suitable replacement property - there are some passive investment solutions (ie Delaware Statutory Trusts) available.