However, purchasing the replacement property from an estate where your mother-in-law is the executor and other heirs are your wife's aunts and cousins raises potential related-party concerns under Section 1031(f).The IRS generally prohibits 1031 exchanges between related parties unless both the buyer and seller hold their respective properties for at least two years after the exchange.To stay compliant and avoid disqualification, ensure:The estate sells the property directly before any distributions to heirs.You hold the replacement property for at least two years.The transaction is conducted at fair market value with no prearranged agreements.Given the IRS scrutiny of related-party 1031 exchanges, consult a qualified CPA or 1031 exchange accommodator to structure the deal properly and avoid potential capital gains tax liabilities.This post does not create a CPA-Client relationship.

There are many factors, as with any real estate market:(1) Location. 

I would absolutely counter with a price closer to market and see how they respond.

I’m targeting assets between 25-100 units located in high-growth markets that exhibit strong fundamentals.

I.E. you know the area better than others.Is there a short-term rental market where you vacation at, where you went to college or where you grew up in?

I can say that with Phoenix, a multitude of opportunities can be in store for you if you invest in their market, network, or even just want to get familiar with it.What type of real estate are you into: fix & flips, buy & hold, multi-family, or something else?

Hello,I've recently picked my market for finding a LTR.

Hi Amir, when studying different neighborhoods in my market I like to use quantmaps.

Look at their marketing strategy.

Unless you spend money trying to find off market deals..