But the rules of the 1031 exchange will let you accomplish what you want without doing that too.

Partnering with Billy Medlen, we saw the opportunity to create a win-win situation by transforming the property and delivering a strong profit.

We're now 2y+ in, and set ourselves up for a live-in-flip.

What's the overall condition of the property? 

Once the lease is signed, I go to the bank and open a new security deposit account, and then the bank provides account number, which I then manually enter in the lease and have the tenant sign the lease again.Any guidance on avoiding the hassel of having to sing the lease twice lease?

I'm a product of BP through and through, was on these forums figuring out how to house hack after we already were in contract on a duplex, all the way through making it the foundation of my current business. 

I was thinking along the lines of just a few slides of a slide deck showing the property and the potential.

Hello @Nevin WilkieThis post is aged a couple of weeks but I hate it when misinformation is given so thought I would clarify a few things based on some of the replies I saw. #1. 

How did you add value to the deal?

I know a lot of builders up there, but not very experienced with the flipping model.