According to NMHC, the IRS has extended the deadlines out to July 15 (https://www.nmhc.org/news/nmhc-news/2020/irs-extends-1031-exchange-deadlines/), but there are still a lot of unknowns now during the depths of the crisis and as we begin to pull out over the coming months.

, far more in depth than this post.

https://www.wdrb.com/in-depth/...Glad this got through.

I would speak to an out of state investor here in NY more in depth and purchase your first investment property using that person's (or people's) resources this way you just don't go into an area blindly.  

To break it down simply, both have advantages and disadvantages for a borrower.Hard Money : quick, least amount of paperwork/underwriting, VERY local lender/individual who will know the market best Private Money : still very fast, some more in depth guidelines on the financing, CHEAPER than Hard $, usually an actual lending institution capable of multiple products/solutions.Do your research, check the reputable lenders endorsed by this site also! 

OUTSIDE FACTORS However there are multiple other factors involved here:- The labor/manpower availability of the GC- Fluctuating material costs ( GCs typically have contracts only valid for limited times due to this )- Their schedule and/or backlog of work- Level of finishes and depth of scope

Skipping due diligence and buying property sight unseenTo avoid one of the biggest mistakes that out of state rental property investors make, conduct in-depth research online and work with a local investor-savvy real estate agent and property management company to assist with your due diligence and property inspection.2.

I am a LL with a large portfolio of Detroit SFR rentals.It is not a Civil issue anymore it becomes Criminal intent on your part.I can go in-depth on the various scenarios (with experiences picked up over the last 7 years investing on Detroit) but would not wish to as it is a different topic on it's own right.Hence, Sorry but just take this experience on the chin and go through this eviction like a Landlord would do.For the next tenant, follow a regimented Screening process: 1) Check the 36th District court for past evictions & money jugements (LT issue and GC issues), if it is under 3 years avoid the drama and move to the next applicant.2) Previous Landlord verification - call and speak to them (run the Landlords name if you have MLS access against the ownership records)3) Employment History and Stability - 3 times rental income atleast. 4 times if it is under household share.4) Credit Score - a Good indicator but take it subjectively as a Low Credit score is not an automatic refusal.

After some more in-depth research, I do realize that you are right.

Try SouthStar Bank if you need a local bank to take a more in depth look.