Thank you in advance! 

Shot you a message.

I learned how to fix mine after searching for a solution, getting two different attorneys, but none could help so I figured it out. 

Compare those owners with younger owners who have higher incomes and more desire to build large reserves for the future with the older folks who won't see the future and you can see the problem.

Let me know if I can be of assistance. 

Your parents and you could probably use a really good Elder law atty in NY as well to look at how best to structure their ownership and passing to you.Nothing wrong with selling to a related party and completing a 1031 exchange. 

Purchase price: $84,000 Cash invested: $10,000 Sale price: $165,000 Single family home (manufactured) What made you interested in investing in this type of deal?

I’m curious to hear from other investors who have ventured into flooded properties such as what challenges did you face, particularly with insurance and permitting?

Do you think you can do that? 

If a payback is really over 3 years it is not likely worth, but you can buy down to make your payback 20 years plus which of course is insane.