It turns out, the same buyer had already closed on the unit next door, and were planning on cutting through the common wall to make one large unit.

Looks like the wholesaler has cut the most prime$50k profit out of the heart of the deal for himself.You're the one who will be doing all the work andtaking the most risk.Think about it.

Any landlord in the past who struck me as a shyster type simply didn't get his last month's rent.

cap gains on this sort of stuff is not so cut and dry and you might not get hit so hard with it if you or your accountant knows what to do with the money before the sale and after the sale.what you think might be a cap gain on 120k, might turn out to be 80k etc...talk to your CPA.

I've read that the payout ratio on title insurance is ludicrously low - would it be cheaper to simply self-insure and do the raw research myself (go to the county courthouse and verify good title)?

May save you alot of headaches in the head and you'll have more time to spend on other thingsWhat if the margin on a deal is slim and the only way to cut costs and up profits is by taking on some of the work - would you advise against that?

It just would have been so easy in a nice rectangle room as opposed to cutting around the cabinets, but yeah youall're right...

Hi Dianna,There is no clear cut guidance, but we recommend that you refinance and then wait at least six (6) months prior to beginning a 1031 exchange.

With the timber thing, they can cut it all as stated above, or sort of thin it out.

I spent months looking for the right deal, long story short he went to look at the property and cut a deal with the widow who owed it.