I want to execute a 1031 exchange for a rental home in Chattanooga.

The tenant reaches out to me a week later with his sob story and a lie that he paid June's rent but it got stuck somewhere only to deposit back next day when I said I will think about my options once I see June's rent.Now the lawyer is trying to recommend something which he himself is not very sure of ( how long can a sheriff wait on executing an eviction order from the judge).

Executive/virtual office spaces were very popular a few years back and are now becoming very popular again with the surge of remote workers.

I'm sure once I get past the first deal my whole mindset will change but I can't help feeling extremely vulnerable trying to do this without initial experienced guidance.I can come up with $50-$250k from my business LOC and I have good credit so I don't see a problem getting conventional financing.I undoubtedly want to buy my first multi-unit property this year (2016).

Meaning the buyer doesn't BUY or Execute the OPTION.

I think that without a little more knowledge, you are leaving yourself extremely vulnerable to being ripped off really badly.

I hope to be able to get my option time to as long as 5 years so I have time to raise rents and then execute my option.What holes do you see in my idea?

I am now trying to execute my goal of owning multi-family housing.

The impound account to be transferred: charged, or without charge, to Optionee.9.4 Take title subject to, or Assume, an existing second trust deed note held by _______________________,with an unpaid principal balance of $_______________, payable $_______________ monthly,including interest not exceeding ______%, ARM, type _____________________________,due _____________, 20______.9.5 A note for the balance of the purchase price in the amount of $_______________ to be executed byOptionee in favor of Optionor and secured by a trust deed on the property junior to the above referencedfinancing, payable $_______________ monthly, or more, beginning one month after closing, includinginterest at ______% per annum from closing, due ____________ years after closing.a.

Maybe even executive style rentals with nice furnishings in a dorm style housing.