I've always been presented with the contract between the seller and wholesaler to make sure they actually have the property under contract.

Once you 721, that's the last tax-deferred transaction that you'll do.

I am no expert but have been present for a few inspections and i always like asking questions.I agree with all that was said already especially holding individuals accountable for caring for their own system.

You have any understanding of the information presented?

Is there deferred maintenance that you missed?

@Brody Veilleux yes you can have deferred taxes from regular operating expenses, but it depends on cost of building.

Otherwise, it looks like you may have 1031'd into "bad investments" for the tax deferment but are now eating the cash flow as a result. 

If you’re targting properties in historic areas like Lincoln Park, be sure to budget for unexpected maintenance expenses, as older buildings often require more upkeep.Incorporating 1031 Exchange StrategiesIf you’re looking to scale your investment or defer capital gains from a previous property sale, consider utilizing a 1031 exchange.

You also see those marketed improperly or not managed very well quite often which presents opportunity for value add. 

Purchase price: $245,000 Cash invested: $50,000 This was our primary residence that we are lived in for 6 years while we fixing up and renovating. 1963 farmhouse that was outdated and loads of half a$$ work and deferred maintenance.