Will I still be able to use the $250,000 per spouse exemption on the appreciation, and how will this impact my 1031 exchange?

Here’s how this typically works in commercial real estate:1.

Has anyone had any experience with this company?

We were considering this or the Smokies.  

Let me know if there is any more information I can provide, I have had this kinda dumped on me and am scrambling to understand what this process is and how I can help my parents out.

I have been listening to the BP podcast and been reading the forum as well as RE books.

You have to explain it to the listing agent who doesn't get it, who then sends that to the seller, by telling them it's not that you have no money, but this is a right afforded to you based on your service to the country and you can also show proof of funds that you have money, but are choosing not to use it as a downpayment because you want to do reno with it.I would use your VA, that's what it's there for.

Needs electrical, plumping, windows, etc What made you interested in investing in this type of deal?

They would like me to sign a new document to update this so they can sell the loan to an investor.

Quote from @Stephanie Cruz: This is the first post I clicked on this forum and I felt called out, so I added a photo and a bio.