Same example as above.Old property was originally purchased for $400K.Sold for $500K$100K net proceeds (assuming closing costs included to simplify the numbers)Using all $100K net proceeds, new property is purchased for $400K.Since I utilized the entire net proceeds of $100K into the new property, what would I be taxed on?

Having utilized LegalZoom of course they are providing all of these additional services, which are really just contracts to 3rd party vendors.

You can act unilaterally in any way you want to manage improve and utilize the property.D.

You can look up the local utility company and call them to find out the cost of water and sewer.

I just default back to what I do were I can open escrow without a contract and with a phone call.. but that's because of the volume of bizz I do with title company .. and our title plants are digital.. so running a title search is not as big an issue like it is in many east coast states I work in.. were they have to actually hire a title abstractor to physically pull title.. ( old school :))

I am new to BP and look forward to utilizing the resources and forums on this site. 

.- it's always good to see another Hoosier utilizing this great site!

If you are determined to do the projects yourself, I would budget a year for holding cost; maybe 6 months if you are not employed (taxes, utilities, interest, etc).

Thank you gentleman for the advice, I plan on utilizing all of the resources Bigger Pockets has to offer.

Once you buy the property, depending on the circumstances, you will have to call the utility companies to get everything turned back on.