I wish there were more Canadian components present!

It by far has been the most impactful component of this community for me.Feel free to reach out if you have any questions!

Each of those scenarios has a big investment component, and many members of the Bigger Pockets community could give you excellent advice about them. 

Do you think the IRS is going to rule that the personal property components affixed to the real estate in a 1031 exchange are "other property" and thus boot, or ignore it?

Cost segregation = breaking a piece of real estate into more components than just building and land.The different components will normally be depreciated as a faster rate and potentially eligible for bonus depreciation.Given that the property was placed into service in the past, you will need to do a 'change in accounting method'.Also, the cost segregation may be harder to determine as only assets at the time of purchase count. 

The purchase price reflected the delinquent real estate taxes, the variable component was the interest rate. 

(Sold a business and have high income this year) We agreed on: 5% P&I, 10Y Balloon, and 25y Amort.My Questions is: What if I suggest to him that we do SAME Amount of PAYMENTS BUT principle reduction payments and Not have interest component. this way i pay the property off faster.

If the answer to the second question is more than $10K above the answer to the first question, it's probably a good investment.That's a very simplistic way to look at it, though...In real life, unfortunately, you can't just look at each component of the rehab in a vacuum like that.

That said, as someone mentioned in the other thread, there is also a psychological component, and it's sometimes correct to go with the suboptimal financial solution in order to appease the psyche...

And you'll have their number...you'll notice unkept property which is also an indication of possible motivation.You'll certainly find other opportunitiesFSBOersAbandonsAs Rick H. mentioned learning the area is a key component to success.As big is the idea that you're taking action...