Unfortunately the town is primarily low income and lacking a loT Of nearby services and labor, for example, I’m having trouble finding a nearby demolition company to demolish a small mfh and qualified labor to complete the fix ups.Have you been in this conondrum?

It's a good idea to make sure they qualify in the other areas that need checking.

We offered to put 10% down to 'have skin in the  game' and 5% interest for 5 years up to as many years as he would like.

I believe one brand is called Lizard Skin.

We have our umbrella policy and some of our properties with Farmers.Farmers costs us more than USAA but as indicated USAA would not provide us an umbrella policy.If you qualify for USAA umbrella policy I suspect it would be the cheapest.  

They will auction it off but you must qualify with them to bid in any of their auctions. 

Let them pre-approve you (not pre-qualify; it's way different)Find a multi family property and live in one while the other units pays for the property or close to it.Consider a 203K that will let you renovate the property with the lenders money.Live in it for a year.You might be able to do it again in another area (at least 50 miles from the first property) next year if you have a job changeKeep saving moneyBest of luckStephanie

Never had thought about it before, so it was good education.When at all possible I like my attorney to be Board Certified in Real Estate. 

Regardless of whether it qualifies, they are likely in violation, depending on your lease language.  

., Without documentation that the property has been held for investment it would not qualify for 1031 treatment.