That means real estate held for investment purposes must be exchanged for real estate held for investment purposes.

I would keep learning and building your working capital.

Generally that's going to mean buying something under market (per sf) because it needs some attention, fixing it up while you're in there, then moving on and doing it again.

My questions is, let's say something bad happen on the sellers life say divorce, accident, bankruptcy anything like that and while I keep posting my monthly payments to the seller the payments from the seller to the lender stop.Do I have any recourse at that point if the lender decides to foreclose the property due to seller's default?

This is critical early on when you start investing.Better Property Management: Understanding the basics of plumbing, electrical work, and other home systems means you can quickly address minor issues before they become major (and expensive) problems.

Why is the seller advocating to keep rents the same?

I like to keep between 6-12 months of reserves in the event of a catastrophe.

We usually cut a permanent dryer vent in the wall and use that to exhaust it to the outside (instead of hanging a hose out the window, yikes again).If you don't have forced air in a property (meaning if you have hot water radiators) a mini-split system is one of the most cost-effective ways to cool a house.

I need it to work as a quadplex so moving forward, I would appreciate not getting warning posts about zoning.Should I rent it as 2 units and put people on the same lease but keep their residences separate with a door that can just stay locked or something?

So, keep in mind what a good tenant expects in your area.For example, if you have an existing GAS furnace and central air conditioning already a simple replacement of the gas furnace gets people what is likely to be an economical heat source while also providing a/c which many rentals don't have.