I honestly don't understand how 1031 works well enough even after reading up on it.There's more to this story and I'm just keeping it brief, but there are mysterious bankruptcies and other facts in this failed transaction, all of which helped the buyer escape or at least scare my brother into signing a release.

You should be honest with the seller and tell them you are just interested in selling your contract not the property, and you should give the seller at least $1000 for their time sense you are just looking out for yourself.Joe Gore

Honestly, she enjoys the bookkeeping part of owning rentals, likes getting the checks and depositing, etc.

Seek out the most popular properties; look at the amenities and facilities they offer, as well as the location, which should give you a good idea of what vacationers find most appealing.Doing thorough research from a guest viewpoint can help you establish solid criteria when making a buying decision.Heather

I'm happy to spend on consumption, when I can afford it, and when my wife and I are being honest with ourselves.

Honestly, though, I have a deal on the table for a 4000 sq. ft. duplex for $28k, 50k in renovations, and $1800 in total rents in a great neighborhood that will produce a 13.8% cap.

I much prefer that than having to rely that someone actually knows how to flip a house, keep the books honestly and accurately, and not succumb to the whims of the market, or the building department, or the IRS, or who know what else.

I think Jay is an honest author.

I honestly have been too busy with that to focus on the concept.

I honestly think that there are opportunities to make a profit all along the coast, but our aim is to maximise out investment as much as possible.