Common sense would be WHY are you selling...but what else do I need to know....offer a purchase price....if accepted, great. if not move on...seems pretty simple...what am I missing??

I wouldn't call it the norm in CA but it's pretty common when you are selling a nicer home.

The team should at least consist of a professional attorney, accountant, broker, escrow officer and Qualified Intermediary who are experts in the areas in which the Investor is working.It is extremely important for Investors to consult with their legal, tax and financial team before entering into any tax-deferred like-kind exchange.

It sounds like it offers the biggest ROI in the shortest time frame, and if you were to continue to reinvest the profits over and over again into more and more and larger and larger condo conversions that you could do extremely well as opposed to just holding.

These are two common mistakes that can really skew the formula.

She is extremely motivated to just jump in and get started, while i've been slowly gathering information.

I have recently just been buying as much property as I can and so are all the people who have a bit of common sence.Last coup in Fiji people were buying 500k homes for 50k , when the coup was over they were all laughing their way to the bank.It may be funny but if you want serious returns Fiji is the place at the moment.

I am extremely cheap.

Unless it is common in your area (not sure where you are), having the kitchen and the only full bathroom in the basement could be a problem down the line.

Not figuring maintenance and vacancy is a common mistake for new investors to make when figuring an income/expense statement on a property.I normally figure 10% of gross rent for vacancy and 10% for maintenance.