Seller is the only one on the mortgage, however he did quit claim his then wife on to title.

But if there were a claim that were specific to my property (ice on the sidewalk, for example) then we could be seen as jointly responsible: me, because it's my property, and them because they are responsible for its maintenance.

The problem is no one can tell you what you need to be sure you're covered from one another without all the info;What is the % split, is that % based on cash invested or is there a different % split for financial and ownership, what about selling if you both can't agree, what about if one dies, what is your financial situation, what is your partner's financial situation, who in your life may lay claim to this asset, who in your partner's life could lay claim to the asset.....the list goes on.Point being to make sure you don't end up back here with a thread about a partnership gone wrong (as others have), you need someone that is an experienced 3rd party to ask the correct questions so there are no questions down the road.

They are not members of BBB and have one complaint that claims someone used their credit info to try to open credit.

My question is there any problems or regulations with a property that has a quit claim deed before a 1031 can occur?

I have knowingly gone to guru stuff for the fun of it, no intention at all to do anything regardless of what they claim.

The seller will claim that the rents are the rents but if you were to finance this property with a commercial lender they would underwrite with a vacancy factor and so you should too.Good hunting-

You get a conventional loan and Fannie or Freddie may buy it after you get it.If you claim to be an owner occupant you will generally be expected to live there a year.

The monthly speakers are typically gurus looking to pawn their materials, but the meetings are well attended and there are some serious investors in the crowd.And finally, not to sound like a downer, but the goal of wholesaling a property in the next 30 days w/o spending any money sounds a bit unrealistic.

Just a question here that crossed my mind in thinking about the damage that needs to be repaired on a house I bought from the sheriffs auction. I found out after I purchased this house that the pipes from the base...