A 1031 exchange with real estate essentially requires that you sell a relinquished property (or several) and acquire a replacement property (or several); all proceeds from the relinquished property must be used to acquire the replacement in order to defer all gains.So the closest thing to what you wrote in the OP is a "reverse exchange" where the QI acquires and the QI holds title to the replacement property and then you dispose of the relinquished property.

Diego, if you can, I would go see a Legal Aid attorney and see if they can help you recover your Security Deposit based on tenant/landlord law in your State.

They also might have drank the sellers Kool Aid (what they were selling) to get the listing.

Looking for some advice-When posting an apartment for rent on various sites, I typically include a string on words at the very bottom of the ad to aid in search.

Everyone knows it, since the city has invested in both river front improvements and it's the closest east side zip to downtown hipster activity (6th Street, etc).Frankly, the whole east side is in transition from what was highly ethnic/lower income in years past to a vibrant, "hot" address for techies, DINKs, singles and those urbanites who want to be near the arts, jobs and "scene" that Austin is famous for.

He's in a pickle.I suggested a few state aid programs.Please, advise me on my idea as follows: I can purchase the property from him for a fraction of what its worth and get his taxes up to current value.

I guess I have "drank the kool-aid" because I'm totally hooked on BP and there are so many awesome members on this site.

Which term aids in the marketability of your product?

We are considering traveling about an hour and a half to attend the closest meeting we could find but aren't sure if it will help us much considering we are so far away.

My nervousness and haste made me forget to get ask for a copy of the key to the home (I'm told that having access to the property aids in allowing potential wholesale buyers to view the property if need-be).