If he hasn't really messed up his credit with the late payments, and the values are correct and are the complete story, he may be able to refinance and get enough money to pay the taxes and legal fees.

While you are likely postponing the inevitable tax, at least you can grow it a little in the meantime.Dustin07 exchanging can turn into a tax exclusion if done correctly with a good estate plan or tax advisor.

Get some cash flow then in 2-4 years when the market corrects itself sell the property to another investor.

I did go about becoming a member with the cart before the horse so to speak but I have corrected that.

Correct me if I am wrong, but isn't this what the banks title company is for?

I hope to do things honestly, smartly, and correctly, and I would definitelyappreciate any and all information, recommendations, tips, and advisethat any here could give me, so that I can attain my goal listed above.I'm ready and willing to learn, study, and become properly educated.Thank you all very much!

Correct?

You could use whomever you wanted to do the work but time would be your enemy.Someone correct me if I'm wrong on this.I am planning on using a 203k to buy a fixer upper as a primary residence and either sell it when the time is right, or pull equity to fund other REI opportunities.

This is correct.

The market is relatively soft for Ashland, but properties sell and if the our local papers are correct, Ashland is bucking the national trend.