Proper documentation and consistent reporting are crucial to ensure compliance with IRS requirements.

And, well managed institutional 1031 Exchange Qualified Intermediaries will have already evaluated the applicable risks, addressed the critical issues and implemented appropriate safeguards to protect your 1031 Exchange funds to ensure the successful completion of your 1031 Exchange transaction.

Ensure discharge flows away from the foundation.● Replace missing elbow and extension on the downspout on the southwest corner of the house.● The soil around the foundation should be watered with 1-2 inches of water per week during hot and dry weather patterns.

Just go through them, select the renovated/closely matching ones, and enter them into a model.Here's my fix & flip model, you can see the comps entered and some quick stats below them: Then I use that comp data to adjust the Sale Price in the model to what I estimate it will be (double check the resale $/sf is in-line with the comps), then adjust the purchase price until I hit my desired return level. 

I also like to cross-reference that data with Facebook marketplace, craigslist, Zillow and apartments.com listings to get a really good idea of expectations for rent in a specific area.

It also means doing your due diligence to ensure the property you pick up actually makes financial sense, not just in year one but down the line.

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

I want to ensure I’m saving appropriately for a down payment and that the property will generate enough income to cover all related costs.Any insights or recommendations would be greatly appreciated.Thank you!

This process is outlined in our lease agreement to ensure transparency with tenants.

By connecting, i can ensure that any potential deals I come across reach you directly, and you won’t miss out on great opportunities!