Because you have to keep the same taxpayer as owner from the relinquished property to the replacement property I'd worry that the legal protection you'd want for a development TIC won't be there.DSTs have high fee but probably are the best path forward for someone who wants to be fully passive and avoid legal risk.

thank you for the input. we actually have 20 years of experience. are you saying that after we have experience with the company? 

The house has now been appraised at $265,000 market value. 1908 sqft. 

Coreen, welcome to the BP community, and thank you for your service.

What are the trends showing in the 78747 area? 

Hi Kim, welcome to the game.

I do understand the logic in your case. 

I have a program that will go to 80% on a cash out depending on the state the property is in. 

The title to the home as been purged.

Overleveraging by paying too much for the property mixed with mixing hard money with private money for a 100%+ LTV at the beginning of the deal.