Also, if anyone has guidance on how buildings deal with these issues, like a loan to cover the potential 200k+ cost, etc.The bldg has 20 units.Thanks in advance!

Any guidance would be greatly appreciated!

In the past I have used conventional financing for purchasing investment properties, and would appreciate any guidance from those that have done seller financed deals.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

I went into this deal using mostly my gut feeling and knowing very little with the guidance of my dad who is also an investor.

I think the answer here is she needs guidance from her attorney (hopefully she has one!)

Looking for some advice and guidance...

In 2009, I bought a townhouse in California for $590K.Today, that house is worth about $1.4M, and I owe $370K on it.It's bringing in $4,500/mo, but after $2,430 mortgage payment, $200 HOA, and ever-increasing property taxes, my ROE is really quite pitiful.Furthermore, my tax situation in the country where I live (outside the US) allows me to sell the property without being taxed here on the gains, but only if I act in the next few years.Thus, I've decided to 1031 the property.Now, I'm looking for suggestions, guidance, and experiences from folks who've done something like this.A few criteria:I care about cash flow, not appreciation, at this pointI visit Phoenix and Newark a lot, so I'd considered those as markets, but I'm not sure how to evaluate themI was thinking to buy a large apartment complex... but not sure if that's the right move as opposed to multiple properties.I have considerable amounts of cash that I can invest into the new property if needed, though I might just invest that into other projects separatelyI'd like to move this new property into an LLC to help protect my other assets, but I have heard that would be very challengingAppreciate any thoughts or guidance anyone can offer!

@Marko Zlatic While what others prefer may give you some guidance, it is ultimately your choice whether to be active or passive investor. 

@Nick Koenig I would need a lot more info to give any guidance on your situation.