Someone who knows the 1031 timing, legal and tax and financing concerns, and finding a deal to buy. 

He asked me for information about me (but not my social security number) and has already "approved the loan".

I believe there is a “foreign entity” (forgive my ignorance) type approval process we would need to complete to be able to use TX LLC in Arkansas.

Courtney, working as a licensed GC I have done this many , many times but if you take it from me it is easier and more aesthetically pleasing and useful to simpley have plans drawn up , approved for building permits, and build a new third bedroom.

Costs: taxes, insurance, water, garbage, electric, maintenance, manager salary, workers comp, office, legal, reserve for pumping etc. 3.)

@Shane Hyde She can cash out any time as long as paper trail can show she legally  awarded the property through divorce.

And I would hold onto their damage deposit until legally allowed, or you are fully comfortable that there is no need to keep any of it for damages. 

Make it clear what you are looking for and have a pre-approval ready.

With a pre-approval letter.

I've written to her and tried to request *address service* on that letter since that same lien hasn't been paid in the last couple of years.I'm guessing my best course is to consult a legal professional but I'm trying to get as much leg work done ahead of time.MY QUESTION: If I'm able to make contact with any of the 'next of kin' for either party, is it possible that one of the parties can claim 'adverse possesion' and claim rights if I cannot get both entities together on the deal?