//Begin Gain From Involuntary Conversion Rules(c) Conversion into money or into dissimilar property.(1) If property (as a result of its destruction in whole or in part, theft, seizure, or acquisition orcondemnation or threat or imminence thereof) is compulsorily or involuntarily converted into moneyor into property not similar or related in service or use to the converted property, the gain, if any,shall be recognized, at the election of the taxpayer, only to the extent that the amount realized uponsuch conversion exceeds the cost of other property purchased by the taxpayer which is similar orrelated in service or use to the property so converted, or the cost of stock of a corporation owningsuch other property which is purchased by the taxpayer in the acquisition of control of suchcorporation, if the taxpayer purchased such other property, or such stock, for the purpose ofreplacing the property so converted and during the period specified in subparagraph (3) of thisparagraph.

Time to build the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

@Flavio Zanetti I appreciate your response and I recognize the challenge in finding financing that will require a lower down payment.

I have interviewed Letts Property Management.

How do you vet and interview your Section 8 tenants?

Many with names we'd all recognize have gone bankrupt, been sued or died completely broke.

Check out this podcast:http://www.biggerpockets.com/renewsblog/2013/06/20/bp-podcast-023-flipping-partnerships-military-james-vermillion/They interview in depth how James Vermillion was able to flip full time while serving overseas.You may want to add him on BP and try to pick his brain, he's pretty active.

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.