I just wanted to close this thread out by stating that I have received multiple emails and had an in depth conversation with current FIG investors, all of whom are very happy.  

You also get the appreciation on the asset during the course of ownership, which is cash back to you at closing when you sell or refinance.

Hey guys, Ofcourse I know you all have the capital to buy properties for cash, but what about the after sale?

If the properties are decent I would find a realtor that specializes in investment sales and properly marekets them.

If rents are high compared to sales price, then you have to ask - why aren't these renters buying? 

We are planning to manage it ourselves.We would live close by.I am currently reading and watching everything I can about landlording. 

>>Here is what you need to do:- Prepare Worksheet for stock gain and loss sales and 8949, the worksheet is available from brokers , it's another form that calculate cost basis but it's not tax form.

I happened to call at the right time and he sold me this property at a fair price AND allowed me to place a tenant in the property prior to closing.

You don’t need to do a 1031 because you’re going to lose money on the sale. 

Hi Julian, After repair value is usually based on comparable sales not rents..