I love the thought of restoring a neglected home to it's former glory or to a new & improved version.

If you use the VA loan and want a second one, there are only certain circumstances wherein you can access the remainder which is known as a "second tier" VA loan. 

You shouldn't rely on your QI for tax advice though--they should be able to answer basic questions about the 1031 process, but a CPA who's familiar with your goals and circumstances is the best person to guide you through the process.Hope this helps.

Just like anything else transactional lawyers draft, you should have a good form to use as a starting point and then draft in the details specific to the deal and the extra protections a client may need based on their unique circumstances.

You have nothing to report on your tax forms and this entire publication does not apply to you.Main Home If you own or live in more than one home, the test for determining which one is your main home is a “facts and circumstances” test.The most important factor is where you spend the most time.

Sometimes there is a change in circumstance, and suddenly selling isn't the right thing to do - that can result in a withdraw with no reconsideration of listing again at this time.  

You should run your analysis assuming property management -- one, you might have to use a PM down the road if your circumstances change and two, you're essentially paying yourself to run the property.

This is as long as you can prove to the VA why your moving (they usually only allow you to buy another property if it's a larger house, or the change can be justified; i.e. family circumstance change, etc).

I had to rent the townhome out before the year requirement, but I would consider this extenuating circumstances (I have two sets of police reports).

This money will be transferred over to my mortgage bank on the 15th of every month.I have contingencies for collecting rent person to person if they'll late or other extenuating circumstances.