Not sure if this transaction would qualify for a 1031:http://www.1031corp.com/1031-exchanges-made-easy/1031-exchange-requirement/Originally posted by above link: ...Examples of non-like-kind real property that cannot be exchanged under Section 1031 include primary residences, “flips,” stocks, bonds, notes, mortgages, cash, equipment, goodwill, inventory and interests in a partnership.Emphasis (bold) is by me.

I'm curious to what the experts on here will say but I wonder if you can make it a condition, even if just verbal until everything is signed, that you will move on the deal when the current occupants sign your lease option for the $140-150k.

How about the loss incurred with a non-paying tenant?

I had a tenant recent put a money order in her mail box (the non-locking kind at the end of the driveway) to be mailed to me.... and was somehow suprised when I called asking where the rent was.

Crunch numbers, call back, make a verbal ballpark offer and set an appointment6.

What the money will be used for - is it for consumer or non-consumer purpose?

This will only work for friends and family who trust that you aren't going to bail on them.For non friends and family investors you can go through the LLC route, although after trying this a few times, I will never do it again.The other route is to offer a private placement.

Using a trust vehicle eliminates any non assignability issues, and avoids additional costs with a double close.

As best I can tell they give grants to non profits in the form of property and cash but i'm not really clear.Anyone heard of this before?

The written offers here in MA are actually required,where as in some other parts of the country you can just have a verbal agreement which isn't worth the paper it's written on.