@ Oscar, that's what we aim for when wholesaling a property, but we aren't averse to paying more depending on how the deal is structured and the property condition.

These transactions are sometimes referred to as "parking arrangements" and may also be structured in ways which are outside the safe harbor.Proper Purpose - Both the relinquished property and replacement property must be held for productive use in a trade or business or for investment.

How are you thinking of structuring your deals for buy and hold with an investor?

Thanks Steven,Your previous posts are very valuable.As an accountant, do you recommend meeting with a lawyer or an account first to determine the appropriate business structure and start the paperwork process?

I have already began the process of looking at the legal structure of my business, creating my business "brand", and structuring a solid business plan.

You mentioned two types of sound, air borne (dog bark) and structural (running water in pipes).

Such a cool structure.

p.s.If you haven't really looked at the unit yet, he can also do an inspection of all the under sink / bathroom areas, caulking, any plumbing or electrical issues, or any other little fixes/tweaks it might need to get it tenant ready.

I did my first deal of the new year last week. 3 bedroom 1 bathroom colonial with huge parking lot!

Unfortunately I have no friends that would buy me a house, and cannot think of a way to structure the purchase of my primary residence that would benefit an investor, or private lender other than if I could find owner financing, which is deffinatly an option if I could find it.Thank you for your thoughts.