I suspect the brokerage community is going to start telling their agents to turn in violators.one of my Oregon bird dogs just put a sign in the yard neighbor got pissed off as they wanted the house turned him into the state .. its kind of like getting a DUI  cost you about 10 to 15k first offense and a cease and desist..So then I went on to ask her about transactional funding as I have been a party to that a bunch of times and wanted to make sure I was legal.. she said NO way.. they deem that as some sort of fraud.. idea is the lender and wholesaler are in cahoots and scheming and marketing a property they dont' own and its prima facia evidence when they see two deeds in one day and a middle man payout.so bottom line you need to get into title and stay there for a few weeks BEFORE you market the property.. but as the regulator said.. they only respond to complaints right now.. so don't piss off any sellers or agents  LOL. 

2) One of the properties says the property belongs to the heirs,  but it's care of a loan servicing company.  

When doing a 1031 the IRS does not care how much gain you have.  

Can you explain it - sure but the IRS has a pattern of saying "I don't care".the best way to do this would be to rehab out of pocket. 

Of course I recognize the humor in that statement, (a hard money lender talking about good reputations) but I actually do have a good reputation and am careful to recommend only people I trust. 

They won't care you used your cash to pay down another loan.I will invest the cash you have and the cash flow from your properties in something safe (hopefully you can get ~1% interest) while you wait for your next deal.

Who cares.

Are the bigger dogs not concerned with newbies and their “no money what to do posts”?

Some urgent matters came up that I had to take care of but I'm back in the saddle again. :-) Thank you all for the advice.

If not I would be careful about including it in your numbers.