You are probably referring to a 1031 Starker exchange.

You mentioned less restrictions, are you referring to number of deals allowed or what?

No contingencies, no excuses, no nothing.EWilliams, in reference to how to verify financing/funds to a realtor, I would recommend Tom's approach of using a hard money lender.

This guy was referred by the www.naeba.orgI checked him/his company out on the BBB.org & did not see any negativity.I'm looking at a property (co-op) in Queens New York.Its $159,000 & $855 in maintenance including gas/electric.After meeting with this gentleman (he was very late):nono:, I explained to him that I'm was looking to situate my parents in more safe dwelling as I leave for school.He was somewhat unprepared for our interview stating "research was done on the property but I left it home".

I don't know if this also refers to tax foreclosures, and I would recommend contacting an attorney or at least searching out your state's laws before you jump out there.

Sometimes you'll hear appraisers refer to this as 'effective age' as in 'the effective age of the 40 year old house is substantially less than the 30 yr. old house due to substantial renovation'.

I still think it's fair game to ask SPECIFICALLY what you violating - there should be an ordnance number or SOMETHING that you can refer to.If someone complains, you apologize for the inconvenience, remove them from the list, and you're done.

I would let him know that you will give him a good rental reference for the time he has lived there.

Applicants who get their funds in chunks rather than regularly for any reason lose points in my screening, so they need to be stronger in other areas to be considered.

My goal is for it to replace my regular f/t job in a few years; so either I make excuses why I can't or I take actions to get it done.