I've yet to receive a full months rent unfortunately.

A 1031 is done for like properties, I'd have to investigate it, but raw land may not be like kind for multi-family units.You didn't mention the amount of the gain, if you're at about 500K, you might check on a charitable remainder trust taking a smaller bite now and using funds for property in the trust, if it is a forever property.....see your attorneyYou might offset the gain by seller financing long term and applying the interest as well as principal to the other debt (or not) but the gain would only apply to the % or the principal received over the term.

I have been sending blanket text responses from my computer saying the home is being remodelled and to stay tuned for new pictures, ad description of upgrades and new price.Is this the best way to handle this situation?

Is it possible to receive a discount?

However, when I received the application it asked for our other debt, amount of income, other assets, etc.

In the event the tenant does something to cause damage, like a fire, your insurance company will subrogate against the tenant's insurance which should help you on your premiums and you can receive your deductable.

To approve a short sale the lender will require the seller to affirm they're not receiving any benefit from the sale.

To expand a little more, in an S Corp you can receive income as both earned (paycheck) or passive (stock dividends).

Choose the size you want, then cut and paste the entire chunk of text flickr shows.

The other was an existing tenant that finally received section 8 status, had been on the waiting list for a year, then had to get the house qualified.Neither process was too traumatic.