Here is the scenario (I'll use names so it's easier to identify the people):1.

@Pat BurchAt current rates you could owe about $13,000 in Federal income tax for capital gains (20%) and recapture (25%).By doing a IRC Section 1031, you would defer paying that Federal tax and be able to roll over the full proceeds into the 2 properties that you are looking to acquire.You have to meet the strict requirements of a Sec 1031, like not getting your hands on the proceeds, identifying the acquiring properties within 45 days and settling in 180 days.

Dynamic soil problems (clay on schist, etc.) have historically only been stabilized with expensive pylons or other mechanical methods, although advances in geo-textiles and other high tech engineered solutions are becoming more widely used and available.A problem purely related to a foundation, such as a cracked slab, can be identified and the remedy and its cost/risk estimated fairly closely and kept within budget.Many years ago I sued (and won) a large tract home builder and their grading engineering firm.

@Conley Hallsearch the BP forums for "lease options" to educate yourself on the procedure and the legalities of lease options in your state.You would need, at a minimum, a lease agreement and a separate option agreement that identifies the non-refundable down payment from the tenant/buyer, the option period, the sales price and if any part of the rent would go towards option payment.

My next step is to identify a market or markets where I'd like to invest.

·Pool Location/Size – Pool properties are identified by Fannie Mae and are grouped into sub-pools based upon their location.

When someone identifies a house that is either foreclosed on or in threat of being foreclosed on, buys that house, then turns right around and sells the home to a flipper for a small, but quick profit, say $5000?

So they researched my name and some how came to find my home address and also identified my car.

I buy mainly sight unseen but this one house I had placed an offer had an appraisers report on it which had identified human excrement.

Gives you a chance to meet them, build a relationship and identify potential problems that can be addressed.Frank