I "buy" the property from him today for $280K and in lieu of a down payment he continues to receive the cash flow that the property created last year for a period of 10 years.

He must be enjoying the commissions he is receiving from my purchases?

When I saw a $1200 price tag I was surprised.I'll probably pass but will update with pics and info when received.

I think it is a wonderful idea, as the properties are being improved it not only helps the town look good, everyone's values should creep up and therefore the cities and counties will ultimately receive more in property taxes.

The rents I'm receiving from the vary between $500 and $800 per month.

My fiancee and I have been on-time tenants for the past 12 months and just received our rate increase of 13%.

@Ned, I have clients who despite their urging receive 1099s issued to them instead of their business.

It's been almost 3 weeks since I've heard from that other investor until yesterday when I received TWO emails.

IObviously the 1031 facilitator will have a function in the deal I’m just not sure of what prior to the funds being received after close of escrow.I realize I’m rambling but I hope ya’ll can see the problem I’m facing and can offer some advice or strategies that will get this deal of high center.Thanks in advance.dgsaz

If you are a true Emiratee, you receive free house, car etc.