So under normal circumstances if they had sold for 241k they would have broke even not considering interest paid.

We accumulated 17 sfr and then sold 7 of them and did a 1031 into a 42 unit mixed use building.  

First, investors can defer tax on any prior gains until the earlier of the date on which an investment is sold or exchanged, or December 31, 2026, so long as the gain is reinvested in a Qualified Opportunity Fund.

Lisa - Lakewood is by far the hottest market in the Greater Cleveland region, last week I sold a western Lakewood duplex in multiple offers in a matter of days.

However, most occupied properties are sold by mom-and-pop investors that don't know what they're doing and the tenants are mediocre, at best.

Even though REOs are usually sold as-is the seller will still consider credits if you find non-obvious problems. 

These guys never sold a residential property in their entire life but broker commercial deals above $10MM. 

I wrote down my disappointed thoughts in my email and then copied it below. 

(To let you know, for my project we ended up leaving the asbestos shingles in place, and I sold the property a few years later).

Hello, I just sold my first property that was my primary residence for 2 years.