Issues like that are outside my knowledge so I rely on the experts and their warranties. :)

There are a number of qualified and knowledgeable CPAs and attorneys on here - reach out to a few and see who is the best fit for you.

I have been following BP for the past two years and have hugely benefited from this collective knowledge. 

Final would be completing the application with the City of Redlands or perhaps in some cases San Bernardino County, pay the required fees to related agencies and then play the waiting game for approval and assignment of new APN number. 

We appreciate the time you took out to share your knowledge and expertise. 

@O'Neil....if u dont mind sharing knowledge...what was your strategy on acquiring your 7 units

My knowledge of 1031 exchanges is very limited.

Question to the folks very knowledgeable about self-directed IRAs:I recently won the bidding for a property at a courthouse foreclosure auction - my "registration" at the auction was under the normal LLC I do business with (buy and hold) so that's where the deposit for this property (10%) was paid from.I have not closed on the property yet.

Your coursework, the people you meet, and your experiences will add to your knowledge base, enhancing your real estate objectives.

There are, however, others that you’ll need to understand.I’ll give you an agency disclosure, for instance.