If so, which state(s) because I'm sure each differs.

However, can I suggest a different analogy here?

Just to be clear Lori, nobody here, and certainly not me, stated that double closings were illegal, we were discussing simultaneous closings and that using buyer C's funds to close your original A-B transaction was illegal, there is a distinct difference.

(Unless we're talking about maybe a dog house)It sounds to me like you and your handyman have way different goals.

They advertise on different sites.

My PM have the same thing that comes in 3 different packages, including if the tenant doesn't pay...etc. which is basically them just giving you the money, then they go after the tenant.

My wife and I just got into Wilmington with a studio downtown that is also doing well now, but definitely a big difference from the beach. 

@Elyse MartinezRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

I would look at the ROE differences between what you can make now by selling, including the yield on that lump sum if reinvested in the current market conditions, versus what the property will be worth at a point in the future (5 years, 10 years, etc).

In any relationship, business or personal setting expectations up front can make the difference between success and failure.