We have put a considerable amount of money into the home to include a completely renovated 2nd floor 2 bedroom unit.

Looking for some advice on how 1031 will view rehab costs/ ARV on something like this? 

So you'll have to find agents who knows how this works.

This means back stairs, fire escape, usually things that nobody wants to pay for in the neighborhood of 15-25k.

Hello @Audrey Scott,You did not specify this in your post, but I'll assume that you want to buy an investment property.

I also suspect the seller's friend rented the other unit because the rent is cheap and the landlord is a pushover.I would look at this entire situation carefully.

Army Veteran and A&P Certified Heli/PlaneTech.Hobbies Include: Light Sport Aircraft, JDM Cars, Exotic Cars, Snow Boarding, Welding, Mountain Biking, Dirt Bikes, Jet Skis, Drag Racing, AutoX, Kayak, Loons Soccer, etc.....you get the idea.

Also we could use a family member LLL for this but I am not sure how all the tax situation can get muddy…thanks 

This is my first time filling up a unit and I'm out of state.

Doty II, and I’m excited to be joining this amazing community of real estate professionals and enthusiasts!