“The merits panel now has the appeal, which remains expedited, and a briefing schedule will issue forthwith.

I’m sure others here are also running into this issue, so any recommendations and referrals would be greatly appreciated!

It was high rent, low entry point area but within 6 months I dealt with an eviction and electrical issues.

We both have experience in these types of issues and we are local to the Indy market.

The issue we are running into is that lenders are not recognizing the excess amount he earns as income, therefore it looks like he will not be able to afford any loans that he would be approved for.

We were fortunate in that we didn’t have too many issues with crime.

Utilities will be an issue.  

Of course when doing the 1031 exchange your basis will carry forward into your replacement property.Where you have a potential issue is establishing your intent to hold those properties but immediately selling one or more them as soon as you have them ready. 

A national buyer would review the BPO and maybe do some brief online research, but would not typically not know, as in your example, about the sewage issues or extent of interior rehab needed.

As indicated, I never had that issue due to the infinite return.