Adams: JMHO, but I have been looking at properties in NW AR as well as Little Rock (and everywhere in between) and if I were you I would lean towards LR as you can get a much nicer property for a much lower price.

@Adam Tafel, The two requirements in a 1031 are to purchase at least as much as your net sale and to use all of the net cash in the new purchase. 

@Ariel HoffmanTalk with Gerry fromT propertiesI use his services and enjoy it very much.

@Adam Christopher I used to live in lake county maybe for 7 years?

Quote from @Adam Martin: I wasn't able to make it to one of my closings so I just signed paperwork with my title company to make my wife POA and she did it all. 

Quote from @Adam Frerichs: Quote from @Robin Simon: are you qualifying for conventional financing? 

Originally posted by @Adam Anderson:The same thing happened to me Greg, I guess most of the responders here don't really care because it's not their money or they think they are CSI or something, lol.I have dealt with Ed Franklin and he knows me very well.

I'm working thru the economics of a couple duplexes/triplexes and thinking about what rent figures are reasonable/attractive to this neighborhood.I can certainly build a longer term investment thesis around this area (in red), since it connects Mt Adams to East Walnut Hills.

@Adam BartomeoWould be great to discuss some possibilities. 

@Adam Gusky $25k only gets you to a $100k purchase price with 20% down and having $5k for closing costs.Hopefully, you have credit cards to cover any surprise repairs, but that still doesn't leave you the recommended 4-6 months of payment reserves.You could buy a $75k Class C SFR in Detroit and use only $15k for your 20% down - which would leave you with reserves.