I don`t think I`ll hav time to ripout the carpeting, so I`m thinking, flea-bomb like crazy, wait the recommended time, re-enter and then vacumn the carpets like crazy, mop the hardwood/tile floors, then apply borax to the carpeting and work in with push-broom?

The taxpayer must have the intent to hold the property for investment in order to qualify for 1031 exchange treatment.

She is also mentally ill.

Because of the University the city will never really go away (fortunately).I've found a single family home that has been split into two units (upper/lower). 2 bd 1 bth in each unit in a very desirable part of town and still close enough to the University to be considered off-campus housing (after I leave and want to rent it).My intentions are to purchase and live in as a single family (for the sake of the credit) but keep the units separated.

Ill also be joining REIA of Wa. 

ok ill get more info and picture.

I'm Nathan in Northeast Houston (Kingwood/Humble) and currently getting as much education from books, forums, and podcasts as I can.Within the next year, I'd like to have purchased my first multi-family home with the intention of building a portfolio of multi-unit properties to build passive wealth.

DM me to discuss HML terms if interested, ill be happy to share.The Numbers:  Purchase price: $275,000 - I was paid a 6% RE commission as I hold a license :)  Renovation Loan: $120,000Funds I Brough to closing: came out to about $85,000

I will be reading your post/review a bit later after work since I am really interested to go ahead with my intentions of investment.

I'm wondering if it's a viable idea to build a charity around the idea of buying distressed notes with the intent to forgive them outright.