Meanwhile the intermediary assigns the note to you so outside your exchange acct. you now "own" a note that you paid par value for so there is no profit to be taxed on the principle portion.  

Proceed from sale of our live in flip helped paid off a portion of current home (2010)5. 

As of right now I work on the electronics portion of our fighter jets so I've got some great problem solving skills under my belt.

When you say "request tax returns", do they give you a portion that pertains to the property?  

@EricJackson we are looking to focus on larger multi-units for buy and hold in the Southwestern portion of the Denver- Metro area, but could look to branch out from that also.

I think that the same concept still applies though where you can use that money as a good portion of your emergency fund and reserves and the rest used as down payment money on financing for turn key rentals.Good luck!

Regardless, whoever rebuilds here will need to tear down the damaged structure, get an engineer to stamp new drawings, permit and rebuild a big portion of whats there. 

What I am mainly trying to figure out currently is that section named "Payment of Repair Cost" The standard lease seems to ask the Tenant to pay a portion of the repair amount.

Once I get a house under contract and the deal goes through a portion of my funds will go to a foundation of the sellers choice.

One guy wants Nascar, other the sportsnet - - it just gets messyOn my 6-units, I let the tenants create the ISP account and they subscribe to whatever lights their fire - - also totally isolated so there's no security risk.One pre-wired option is an Internet closet for the ISP, modem + router and run the internet & tv inputs to wall jacks in each room - - that's the professional technique.But to you, can you sacrifice a portion of a closet and is that big enough to hold the three boxes?