To answer your question, having the licenses hung with broker or not doesn't change the IRS requirements listed above. ...

My question is: where does the realtor site get this info that this loan is assumable?

I tell everyone they can apply no matter what their circumstance and if they follow up with questions about why they were not selected then don't expose yourself by telling them their downfalls.Hope this helps.

Please reach out if I can help or if you have any specific questions.  

Anything in particular you're curious about or have questions on? 

@Bryan Leon, these are questions you are best asking the 1031 intermediary you will use for the deal.

I have a question about painting kitchen cabinets in a remodel.House was build in 2001.

The first question would be if there is value to be added (as it seems like your property is already updated and you've given good amenities) - are there comparables that are collecting higher rent and if so what are they doing differently?

But depending on your property and the tenants you're targeting, certain marketing strategies will work best.Let us know specific questions you have and I'll share anything I know!

@Alex Todd, yep, you would qualify for both as long as you sell next year in time.So then the question comes down to - If you're going to make the same amount of money either way would you prefer to sell now and 1031 (but eliminate the risk of another year holding).