I probably would have prepared myself earlier on not to get to attached to the renters.

However, there must be a disposition of the entire initial investment (since the Code expressly prohibits the making of a deferral election if an election previously made with respect to the same sale or exchange remains in effect)Making the ElectionIRS expects the election to be made of Form 8949 attached to the federal income tax return for the tax year in which the gain would have been recognized.

Attaching 2 examples.

So if I only make offers (and stick to them, rather than becoming emotionally attached and giving in) for purchases that make the numbers work, I would think it would negate that risk.

It’s a duplex, 2-bedroom 1 bathroom, 1 car attached garage with an unfinished basement in each unit.

As mentioned, it would be unsecured if there is no property to attach it to.

Attached to the lease is also a property rules document that covers things liek cleanliness, peace and quiet, etc. 

When the attached twin was up for sale, I purchased that with some of the equity that I pulled out of my house.

This way, unless the borrower has an add’l lien attached to the house (which is what happened in my case, you can avoid the process of a formal foreclosure all together.

You do not have to take out a new mortgage attached to the replacement property or any mortgage at all.