There are also a lot of problems with this model that make it dangerous or possibly illegal.Third, BP is full of free information and you shouldn't need to pay for a course when all the information is available for free or in a few books.1.

I went into the course assuming I was paying $10k for a streamlined acquisitions process but what i got was two days of narcissistic self-aggrandizing guru garbage, a “mind map” that looks like it was thrown together, 34 “strategies” that can be found for free on BiggerPockets sprinkled with juuuuuust enough guru gimmick word vomit and hand waving to impress the eager and inexperienced, several of which were repulsive and absolutely predatory..Instructing students who get their offers turned down by a seller to walk out of the appointment, get in their car and blast out the property out to cash buyers anyway..  

Bad news is you still have to pay them to run it for you.Hope that helps navigate the seas on a surface level for your NOLA STR!

Barring some complications (such as her having sold her previous home recently), you should get the full $500k exclusion, but you will need to pay tax on $30k of accumulated depreciation.

The last deal I closed up in Aiken Sc the attorney balked and would not pay the wholesaler.. this led my agent to do a work around and we got it done..

I was wondering if I am in this situation again, can I pay cash (I have the liquidity) and then refinance after closing?

People pay rent with money, not their SAT scores. 

My initial reaction from my walk through above would be that the holding period in the Real Estate doesn't begin until you have the rights and benefits associated with the real estate - so the earliest at the end of the redemption period, but really beginning once you take possession and can start doing stuff with the property.Some further digging I found some examples of it, but if you were a paying client I would be spending more time to see if there were any subsequent changes to this rule - at the very least Bloomberg isn't calling it out on me ;) . 

I pay $571/year for one, and times that by three for a triplex.

- Is it possible to avoid paying taxes if we just re-invest all the money to pay down the principal on the new mortgage (residential)?