My father still lives in Louisville and has been a carpenter/all around handyman his entire life.

@Russell Brazil My initial intention was to occupy the space and make it my permanent residence, however my fathers health deteriorated shortly after I made the purchase, which is why I made the decision to stay with my parents and try and rent the apartment out, rather then sell and take a loss.

My father owns 3 town house units in Hazel Crest, IL and he has had pretty bad tenants and he constantly is fixing something they broke by himself.

Also as far as the 203k loan ive looked it up a bit and most wont finance homes with foundation issues but that is a great route to take if I can find a lender will to work with me and my father asked about doing a refinance on his paid off house to buy it but I’m not sure how that would work so I’ll have to look it up a bit more

Hello 1031 experts, my father has a DST investment previously purchased via a 1031 exchange.

We are also motivated in doing this so we can take my husbands father and step mom out of the loan because they co-signed for us when we originally purchased the house. 

At closing we received a hand written report from the contractor who turned out to be the sellers father who is liscensed in 2 other states and not VA.

My father only bought homes that were 100% turn-key and he paid all cash for them.

My plan is to buy an empty lot and have my father build a home on it.

I'm a single dad and devoted father, been in the contracting business for 10+ years and have recently made the transition into REI.