but, you are correct it is very important tor recognize how much value you gain, no matter whom you are doing business with.

The only thing to fear is ignorance (in your local market and investment strategy)... but that is something that is fixable if recognized, and we've all been there at least once before.

Texas recognizes the exchanges but follows the fed regulations. 

Yeah I am def looking for more in Warren than Youngstown and that seemd to be the genuine consensus that nobody wants to travel.

Not recognizing the difference and understanding the risks that then follow the REO is a misunderstanding of real estate investing in general.

Some of the most successful flippers in this area are agents simply because they know the market and recognize the deals.

The question is, will the IRS recognize the sale of the home if it is owner financed without a "traditional closing" at a Title Company?

Hello Again BP community,This may sound like a foolish question but I hear on the podcasts and what not all the time, "analyze 2, 5, 10 deals a day if you want to get good at recognizing a deal."

I am recognized as the agent submitting the bid for each of my offers.

I recognize the gamble with buying something else.