Hey AlexWelcome to the BP family.

@Toby FellowsGet an attorney and have them complete the process for you would be my recommendation.While it is something you could do, I always recommend spending a few hundred bucks to make sure it’s done and done properly

Find a knowledgeable and trustworthy broker in your market that can shop amongst the various providers and find you the best deal while still making sure you have the protection you need.

How's the cashflow going so far?

But then the tenant will that every year there is a an  X % increase coming...

Or you will need to come in with cash of your own if you want to purchase your replacement propety for cash.Your idea of starting with the 1031 to access 100% of the equity is smart.

Man, thats awesome, I would love to start buying at PreForeclosures, how did you find the lender?

The purpose was for us to fix up the property and to flip it.Ownership Structure: My aunt and I are joint tenants, each holding a 50/50 ownership stake in the property.

I'm new to the community and located in Edmonton, AB.

I may have posted a similar thread around Halloween in years past but only because the paranormal and ghost stories entertain me so much!