Testing seems to really be concerned with the Construction Business Practices, Safety/ Building Codes aspects, as opposed with trade skills specific information.

I had a few conversations with the city and the code compliance department.

I know some Landlords that do it all the time with many many properties and NO bad outcome.Put the lockbox on the property and after the callers pass phone screening, give them the code to show it to themselves.

I am thinking some cosmetics and updating, awesome. 3 different contractors let me know the electrical was updated, but not on the inside, and it is out of code.

You need to know, not assume, but know, foreclosure laws and requirements of securing collateral in the state where the property is located and as applicable under the Uniform Commercial Code and applicable federal laws.Buying a note is also assuming the liabilities to some extent of past note holders and the originator.

Just my $.02.Would that even be permissible by building codes?

Not all states' tax code recognize that a 1031 exchange exists, so in those states you will pay tax on the gains to the state tax collector.Best to calculate your expected tax obligations both ways to see how much you actually benefit; don't forget to add in fees paid to the QI for the scenario where you assume doing the exchange.The other thing to consider is how long will it take you to find suitable replacement(s).

@Ronnie Sparrow I'm not sure about Stewart Title but you can get that info from listsource and narrow your focus based on a map or zip code search.

Once I have my list, I filter it out to specific zip codes and other criteria.

Hey all you Raleigh-Durham/Triangle area investors, specifically those of you who are flipping property, is there specific zip codes or neighborhoods that are a no go in your opinion?