He just needs to take the probate settlement to his accountant to verify his basis right now and compare that to a possible sale price.  

., hard money lending, litigation settlement funds, etc.) might hold up better in a downturn and aren't correlated with the RE market. 

Does anyone have experiences with past similar receivership settlements?

All lien holders who are receiving an amount in less than full will need to be contacted in hopes of reaching a settlement with.

From that hopefully your QI has provided you with copies of all the 1031 documents including settlement statements and time sensitive 45 and 180 day dates. 

OP's lawyer should have included the proposed deed in the settlement agreement paperwork. 

I went with all my backup, and they said "of course you only owe the water usage since your settlement". 

@Chinmay J. did you review sample settlement statement from both lenders?

You can still app, get full underwritten loan approval,  clear all your loan conditions, do your appraisal, then order loan docs after you've transferred your title back to your personal name.Your settlement agent/escrow/title will most likely ask you for your LLC operating agreement to document the chain of title and that you owned your LLC prior to transferring it to your name to issue the title commitment/policy for your refi.Hope that helps.  

You could spend 10+ years building a 30 property portfolio for example and lose half of the properties in one lawsuit if they're not structured appropriately and you run into that 300k settlement.