But If it's legal to put that on the settlement statement then it would be no problem to craft an exchange that would work for you.But if you can't get your fee on the settlement statement because you're not a licensed realtor then you'll have to figure out a way to get paid outside of closing because allowable expenses in a 1031 exchange have to be on the settlement statement or they become taxable to the seller.

Because, not only would he figure out how to get us off the island, but he would also figure out a way to exercise squatter’s rights in order to take possession of the island and create a charter business bringing people back to the island to stay at hand crafted beach bungalows that he build himself.

Plus the ability to continually pay down the loan further with the $2,300 a month.Am I wrong somewhere in my theory craft and numbers crunching or am I perhaps being to pessimistic with how things are going to play out?

I can't stress enough how important it will be to invest in a comprehensive, well-crafted Lease that, among other things, will set boundaries so that you aren't bugged at all hours of the day for every little thing, etc.

My father was a carpenter, and the level of skill he developed in his craft was something that exceeded anything I managed to learn in my college career.

If I was to recommend one tool over another it would be a disservice to the craft of Wholesaling as well as real estate investing as a business.

And we haven't even talked about union pressures...We need to be encouraging young or unemployed people to pursue these crafts and combine them with a business acumen.

Now that you have a bit of background please comment or let me know of any issues or steps I should take next.First, my wife and Nephews both know I plan to buy an investment property at the end of next year as I craft my business plan.  

But I will try :)I think your posts, just as in conversation, are very well-crafted and intelligently reasoned.

I’m using that book to assist in craftIng my business plan when I buy my first investment property next yearRemember, if a tenant is not paying rent, they are stealing from you and must be dealt with accordingly.