Once these are complete you take title to the new improved property (or the LLC holding the property) completing your 1031 exchange and using exchange proceeds for both purchase and improvement of the new property.As you can imagine improvement exchanges are a bit more complex and expensive. 

They were just worried about buyers nickel and diming them and this showed I wasn’t worried about little stuff, but wasn’t going to take the risk of completely waiving it if it turns out there are major repairs needed.

To complete my due diligence, I want to get an inspection-does anyone local have a recommendation for a good investment property inspector? 

Has anyone did a complete Reno on an abandon unit how did the process go for you?

Present them with some deals and you'll quickly find out what they are and aren't comfortable with.My foreign investor clients are looking primarily for preservation of capital.

Yes I am interested in B&H primarily.

You complete distribution request, submit it to your custodian and they will mail you the check or deposit funds into your personal bank account.

I love the HELOC strategy, but you should be buying with the intention of refinancing to completely pay off the HELOC in no more than a year.

Good morning All,I explained to him that the only comp I could find was 175k and that from gathering estimates for the work that needed to be completed it was roughly a 100k rehab, I offered him 100k cash to buy the property.

After about 3.5 years (was only going part time because of the biz) I came to the same realization as you and went to my advisor to see what associated degree I could quickly get to get out of there and not completely waste about $35k.