I guess you're right, reserves are important to have in case of emergency and unforeseen circumstances.

@Ismael Souley Welcome to BP My two favorite clubs are FIBI Long Beach & InvestClub (for Women).

Hello Everyone,So after months of hard work I got a call off of one of my bandit signs for a 4/1 home that is owned by an elderly women who downsized and is renting the house to a couple. 

I want to emphasize that these questions will be centered around buy and hold which is why I am beginning a new topic.I read every where about the tax strategy using the 1031 exchange to defer capital gains tax, under the circumstances does it make sense to purchase & sell long term, 3 year minimum B&H investments, using this strategy.

Given the right circumstances, this will preserve your personal buying power.  

The Borrower: He knew what his likely exit was for each asset based on the personal circumstances of each borrower.3.

From what we have read so far it can be both easy and hard depending on the circumstances and the deal.  

In your case you'll want to be able to show the extenuating circumstances that are making you sell now rather than holding as was your original intent.  

But I know what I would do in the circumstances, and that is demand vacant possession as a term of the sale.

I don't have the experience to know if new furnace/water heater/windows/appliances would alter the appraised value to make this a rational deal under these circumstances.