But one way or another I will figure this out. 

I just someone this message on another thread but I figured it applies to your thread as well.

Im new to blogs and forums, as ive never been tech handy, but I figured I should start.

Hi John,The city of San Diego has been trying figure out a way to come up with a plan that will work for both parties for a while now.

The title company will usually tell you this and then send you off to find an attorney to figure things out. 

I got it figured out but save yourself some headaches and check first.

Everything takes time so start by figuring out how to get sellers on the phone, while continuously networking.

Currently I am interested in using rental properties (single or multi-family) to be the vehicle for that travel, but since we have little in the form of a cash cushion I am eager to learn more about other strategies.I look forward to interacting with y’all and if anyone is in Southern California and wants to meet up (be it fellow newbies trying to figure things out, or experienced real estate titans ready to pass on their knowledge) my wife and I would love it!

My accountant can't figure out if, in addition to Form 8824, we also need to file Form 4797 for this.  

Figure another $1000 if cash, significantly more if a loan.Subtract the $25,000 rehab.Then subtract the $160k purchase.Looks like $21,000 or so in profit.