Glenn Espinosa:A 50% improvement in efficiency is respectable - that is the target for which we strive when we acquire an older building.

Wayne Brooks I respectfully disagree.

My suggestion would be to do some online research and reach out to somebody through the website to get more information but plan on actually going to some of the meetings (which means traveling to the respective city for a day or two each month).That being said, I don't know if you'll have much luck finding somebody who will want to partner with somebody who has no experience and no money to bring to the table.

I read on our state realtor association website that you are supposed to disclose to all parties that you are doing a 1031 exchange and include wording in the contract to the effect "seller understands that buyer is doing a 1031 exchange and will co-operate in every respect. seller will not incur any additional costs by co-operating".But I have heard from gurus that you should stay quiet about doing a 1031 because it lets the seller know that you are on a time limit then and they can use that in negotiations to get concessions out of you.I'm not sure if this applies to the other side of the transaction too: selling the first house in the exchange.

After servicing the respective notes, we are left with ~$110.00/mth for the SFH and ~1200/mth {~200/door} for the quad.If the 60 - 95K SFH existed in our part of the world, things would probably work out in favour of the SFH.

Recitals stating "for and in consideration of ten dollars" is an acknowledgement of consideration given, not as to the value with respect to the scope of business expected to be conducted.

. :)Bill Gulley - the lease length is moot with respect to DOS in the OP's circumstances, because the landlord also granted an option; the granting of an option is sufficient to trigger lender acceleration under DOS.

If you are a contractor with proper business entity and license, this can make insurance issues easier for you in the normal course of business.The Sub-2 will grant title, the safest, with respect to the link above that skips across the topic, you can't really do just anything you can get a seller to agree to (common sence and fairness considered).

Well, I've always had high respect for K.

Respectfully submitted, ???