But it was built on the fundamental principle that exchanging two items of like kind between two (or more) parties should not be taxed.  

(email and fax via a third party online service)BTW: I miss the triangle. 

Just buy carefully and make sure the deal is a win win for both parties. 

I live in VA.Enter Bigger Pockets: I literally stumbled on the BP site a few months ago and though I want to get into the REI game, she is actually in it, so I told her to check out the website and that she could fill the apartment herself using info we learn from BP, and I could help her, remotely, from VA.What I have done: I have followed all of the suggestions regarding tenant screening and had two showings to qualified parties, neither of whom followed through with process.  

Hopefully we can get to a solution that works for all parties involved and land a winning deal.

Aside from showing the agent respect, the important part is to lay out all the fine print about your process and closing costs up front before you show any of their clients houses.

For the most part, I think real estate investors around here will look for certain things:Jobs in the areaPopulation growthSchool districtsLandlord friendly government(s)Other investment and retail buyers entering a marketThere are also 'gut feelings' people have when they're raised in an area or have a lot experience with this.

My first step is to include a clause that I will not assign, but I am not sure what to put in Paragraphs 3 and 4 or on a 3rd party financing addendum. 

More conservative investors try to use 15%, in a booming city with the right property, some will use 8%--but personally I think you will need real reasons to use that, beyond "I can't find anything otherwise".

I got a good price with 10% discount and it would cost more overall to have the contractor come back later to install the AC condenser part.  I