I was a rookie and did not take this into consideration when taking on the property, even though it came up in the inspections (which I re-read after my contractor told me of this issue, I did not know the magnitude of what it meant when it came up, and the realtor did not point out what it meant).I would suggest getting off BP, and searching the internet to find a local asbestos guy who can give you the facts. 

Getting into a small fixer or multifamily and holding long enough to do a rehab/re-tenant and then exit on an exchange is a great way to get the ball rolling.

I don't know your area, but even here in NYC, a hot market, it takes at least 30-60 days to re-rent.

To me this just looks like pumping the market..If they want RE to keep going up they need to get more money flowing into it.. 

For the most part, if you're talking about a paltry sum of EM, authorities (RE Associations/courts/etc) probably wouldn't force it to be returned if the buyer just changed his/her mind.

@Brad ParishPlease be sure that you do not re-use proprietary copyrighted material. 

Hey everyone, I was wondering if anyone had a recommendation for a good RE attorney in the LA area or in CA in general.

It might be a good exercise to figure out how to pull out some equity vs selling it to re-invest in a different property that could be more passive income without all of the hassles.

Hey BP community! My name is Derek and I am new to BP and to the real estate investing business in general. I was born in Texas, raised in Georgia and moved to Raleigh, NC a few months ago. I am looking to learn all a...

Overall I'm bullish on the area and look forward to re-investing our rental earnings into more property in the next year.Here are some before and afters of the in-law: