I get more cash upfront, cashflow after my cash-out refi, and I net more on the sale because no realtors involved.Young family that the husband started a business 1yr ago so couldn't qualify for a mortgage, but they wanted to buy a home. 

And if the home is on septic, get that inspected too.Fully furnished: Most of the time that means you've a few things worth using, perhaps bed frames and such, but still a ton to replace.

You've been able to save up and have $50K in liquid cash.

This deal is truly not worth doing.

Not by obtaining a judgement against an individual or an LLC for that matter because all they have at that point is a piece of paper, not cash proceeds.

It's just not worth it.

Ask @Dave Foster for any 1031 questions…But I’d start with these…Are you planning to pay all cash for the replacement property since it will probably be either impossible or expensive to get the loan in the LLC’s name.Why are you putting the property in an LLC?

Currently working on analyzing properties, with a goal of minimizing human emotion  and solely looking at the numbers to purchase positive cash flowing properties.  

Our strategy is to buy land cash, take construction loan to build the structures.Some napkin math for this strategy:Land cost : $200,000Building and furnishing Cost: $400,000 for each A-frame (Provided we have electricity, well ready )Airdna revenue estimate shows $400 night rate with 70% occupancy.

Its a great time for investors to tap into the equity they've accumulated over the past few years on a cash out refinance with improved terms.