As it seems clear you will be using financing your short time frame to move into an apartment building via 1031 exchange seems aggressive Trading in depreciated assets can be a challenging task, I am sure you can find much more information on 1031's within the site.

I'm a photographer by trade - I've shot for ad agencies around the country, traveled from Japan to Jamaica for weddings and have billionaires among my portrait clients.

,You have to compare every business decision.

You will be doing the grunt work for them learning the trade.

(For California)No, I'm not a ripoff lender, but I am the Education Chair for the largest (well, for that matter, the only) statewide trade association (in Calif.) for hard money lenders.

Decision would have to be made.

The $5 cash flow from 1,000 miles away would be strong factors in my decision.

By studying real estate investments and using tools like this forum I feel like you can make smart decisions to continue building wealth and continue the tradition of passing on income producing assets to family.Best of luck to you!

This is why people pay the almost $1,000 for title insurance is to prevent this very issue and why they are agreeing to pay.Don, are you recommending waiting for what they come up with then base the decision on that?

I am an engineer by trade so when I do a casual walk through I am already compiling a list of things to repair and I know what to watch out for.