I know HUD provides a Broucher for their recipients, but I’m not sure if Social Service does the same thing in NY (she is receiving assistance).

REQUIREMENTS FOR DEFERRAL OF GAIN UNDER SECTION 1031 The proceeds from the sale of the original property must be held by a qualified intermediary escrow agent (the proceeds may not be received by the property owner wishing to engage in the 1031 exchange).

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Maybe she has a pension, social security, or other income that would bump them to 3:1.

has he already agreed to any of this or is this all speculative preliminary engagement?

That is what my 401k, pension and Social security are doing.Look, if I was operating at a negative cash flow I would want to redefine cash flow too. ;) 

Thank you in advance for all of the responses and I look forward to engaging in the discussion.

This type of partner would free up time for investors to focus on Growth strategies.As for your plans to buy rentals, Start small, engage property managers, be the investor and not the landlord.

I'm not interested in engaging in a discussion on whether you should or should not choose Cleveland as a place to invest in.

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