I recommend speaking with your knowledgeable lender as they would be able to explain much better and tell you exactly what you need to do. 

There’s nothing arbitrary about them.....they’ve been in place for years, are common knowledge in the industry and are pretty straight forward.

Just completed my profile and will be reading as much info on the forums as I can.I am looking to gain knowledge and discover the formula for making money and providing safe and affordable housing.I have very thick skin and will take advice well. 

I wanted to stay local initially so I can both learn, manage myself, as well as having a great knowledge of the area.

If something went wrong, I wouldn't have the experience or local knowledge to address the issues. 

Thanks for any knowledge everyone willing to share. 

If you research 1031 exchange there's a guy from Florida, Dave Foster, who comments all the time and is very knowledgeable (I can't tag him because we aren't colleagues but hopefully he chimes in). 

Thanks for any knowledge everyone willing to share.

Thanks for any knowledge that is passed along....

I spoke with my compliance department in my company and she addressed how difficult it would be to separate myself from my real estate knowledge and from my responsibilities as Realtor.