Originally posted by @Lacy Goldman:  We've purchased HUD homes & sold them to investors using the following methods:Purchased the property outright, held it, then sold it- Not optimum because of closing costs but if purchased @ a deep enough discount it worksPut the property under contract in an LLC, then sold the LLC- Again not optimum because of costs to establish an LLC & the subsequent paperwork.  

Checking out a property to make sure the rehab and location will lower your subsequent maintenance costs and attract a quality tenant are very important.

After that, I decided against buying one for subsequent purchases.

It just means you aren't getting them right away because those losses would carry forward into subsequent years where they can be used to offset future passive income earnings.

To update each bureau separately and each trade line separately costs a little and take some time (a few days to get the report with the new scores), but saves you a ton in interest rate and subsequently monthly payment down the road.  

Most of which I'm sure will occur on the ground moving through my first and then subsequent deals.

This can result in column failure and subsequent structuralmovement of the home.

Can someone else purchase the subsequent taxes? 

I'd love to spring board off of our existing property to build our family's future and [hopefully] with the bonus of not being dependent on art for the majority of my income and subsequently fall back in love with making art again!

Hi @Peter J Struck, The proposed tax policy changes that would effect 1031 Exchanges never made it into the House Ways and Means Committee mark-up nor the subsequent revisions released.