All the other 1031 exchange rules (and there are many) do not apply, giving you more flexibility.The interest-only payments on the loan are funded by the payments you receive from the dealer on the installment sale contract.

He’s received two full price offers and hasn’t accepted because he wasn’t comfortable.

SIDENOTE: the first student loan payment was due 30 days after we received the lottery payoff.

There also weren't realtors involved and I received a 3% landscaping rebate.

I wouldn’t give them the keys until you’ve received all rent/deposits, you’ve received proof of renters insurance, and you’ve verified they put the utilities in their names.

If you are looking at approved plans, you will have more than 10-days to get drawings, and receive plan approval.The other option is to ask for forgiveness rather than permission...but that has the likelihood of backfiring.

However if you're somewhere between 50% and 90% then you may not want to do this because you could be turning away revenue that you wouldn't otherwise receive. 

So I received 80% of the equity, leaving 20% in the home, and losing a few thousand from all of the closing costs, appraisal fees, etc.

I agreed to effectively a short sale: mortgagee sold property and I received all proceeds, which did not quite cover the principal amount and thus didn't cover any of the accumulated interest.

Devon, yes, you will receive a pro-rated return on both taxes and insurance for the unused days.