For investment property, the 1031 exchange still exists, but if you read through the article, it doesn't apply to your situation.The $250K exclusion is for homes you live in, for 2 of 5 years prior to sale.

The first thing we do is get on site to examine the problem.

Of course, if you have prior relationships with someone whose judgment and ability you trust is actually local to where you are looking, then you have a bigger advantage.The fact of being thousands of miles away from a property you own was something I could not overcome, at least in my mind.

Closest are these:Sept 2013 sold for 35k, listed 1 year prior for 19.5 and did not sell.

I simply give them 60 day notice of the rent increase prior to the expiration of their current lease and I keep the increase well within the market rates.

Look to the assignment of the slips in the HOA docs, Slips are under special use deeds, use is limited as you don't own the dock but rights of use, maintenance is usually divided among owners, if you're the only "owner" guess what,,,,Same maintenance issue with common areas, that's why I suggest you examine the HOA by-laws, and minutes to date.I had a similar deal years past at the lake but the condo development was 2/3 completed (200 units+ usual amenities) with water front, partner with a developer and finish it out, rent it up or sell, dump what you don't want need or want

I've got a prior obligation that day, but I really appreciate it.

Generally a lender won't finance the sale of ORE.First issue is amounts received above the book value go to the prior owner, that means making a loan and then disbursing loan proceeds to the foreclosed upon borrower, won't happen, IMO.If the bank is beyond this issue with the borrower, they don't lend on properties that they got taking the risk of getting the same property back and going through the same pain again.

We do a notice to enter and estimate the amount of work we will need to do for the turnaround and the number of days we will need to do it.We also check in with the outgoing tenant two weeks prior to the move-out date to make sure they are still on target and to offer any assistance they may need to make the deadline.If there is another tenant in the wings ready for a move-in, I emphasize this to the outgoing tenant.

I have some prior real estate experience from a former professional life.