I cannot recall the precise spelling}.  

However, if you intend to structure 1031 Exchange into the new investment property, there could be some significant issues with some of the ideas discussed above. 

I am trying to figure out the logistics for a possible 1031 exchange in the future on a rental house I bought in 2002.I may buy a new house and that would be one of the reasons for doing a reverse exchange.

````````````````The upfront agreementIn order for the upfront agreement to work, you need to frame it as a very fair, 2 way business agreement.Here is a possible exchange...After the walk through, you're sitting at the kitchen table, looking at both mom and dad the sellers.I fold my hands and I looked very solemn, I try to give them is kind of an expression is possible, as sincere as possible, I have my legal pad, a pen, and a blank letter of intent in front of me.I also have a folder of comps and rental information.So here's the upfront agreement...Investor: "So Bob and Susan thanks for the walk through, I just wanted to phrase how I'd like to see our business relationship work.

The IRS was certainly criticized by the Inspector General last September for failing to provide adequate supervision (audit) and instruction (guidance) over 1031 exchanges, especially those involving vacation properties and second homes, which were just addressed in Revenue Procedure 2008-16.

But one doesn't know if one doesn't ask.Just if you ask be as precise as possible.

I look forward to exchanging news, opinions and advice with the members of this forum.

I'd appreciate some feedback on why I now have to live 5 years in my 1031 exchange rather than two out of five years to qualify for the exclusion.

If I had all the documents in my email account, is there a way that the lender and I could exchange all the documents via email during the day (or over the course of days)?

Unless you have a need for the cash, defer your income tax liabilities with a 1031 exchange.