You need decent credit and some skin in the game. (15%-20% down + pay for closing costs)Typically when investors call me i will go over the numbers with them right on the phone and verify the deal fits our box / give pricing, then I'll take the time to do some comparable sale research to verify if your estimated ARV is within reason. 

A 1031 exchange, also known as a like-kind exchange, allows taxpayers to defer capital gains taxes on the sale of certain types of property if they reinvest the proceeds into a similar type of property.

I think the sale triggers a change from passive to active and it can be used to either lower basis or offset capital gains/depreciation recapture and if any is left your ordinary income.  

The sales process can also be very drawn out and tiring for themAnd for the sellers, and so they will present those offers from teams or investors they are sure can transact and try to filter out tire kickers.

However, from personal experience I would reach out to the HUD section 8 department to give them a heads up about the sale of the property. they will send you a packet to fill out but can't be completed until the new tenant has signed the lease or the current one is transferred into your name.

I got a sales guy who had little clue how long or what skills were needed to do the jobs he was quoting me for.

This was part of the “most significant homes sales crash ever, and still, in 2024, homes sales are trending at all-time lows,” says economist Logan Mohtashami.

Most investors are doing LLCs from my experience... but that doesnt mean you have to. there are some liability protections with LLC, along with a little anonymity if set up right. but also some added costs. one suggestion here is just whatever you decide, stick to it. some counties will see a transfer between personal/ LLC or vice a versa as a 'sale' and trigger property tax reassessment.  

Hello,A parcel of land is for sale that is on a power line that other solar projects have been developed on. 

The sales pitch is appealing, with the company setting up the new equipment, servicing the equipment, and splitting out the profits; however, the commitment is LONG!