Before making any major financial decisions, consult a financial professional.The exchange process is illustrated below:The 45-Day Identification PeriodThe 45-day replacement property identification period starts when the relinquished property closes.

Thanks again   @Jake Handler has a property management company that can walk you through the process.

There are other non-QM loan options for self-employed individuals that can use your bank statements (biz) to show cash flow versus, tax returns for income.

Is an estoppel agreement with owner provided leases and payment history enough, or should I have them each sign new leases and go through the screening process again? 

I am excited to gain more knowledge, connect with other individuals within the industry, and take the next step in this journey! 

And worse, many are in the process of destroying their reputations because of how they are handling it.I agree that one has to get started, buying the first few deals. 

It was NOT a fast process to make the decision and be comfortable.

Or do you value the lowest possible price and you exert time and energy managing the entire process?

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

We have two new construction projects getting ready to break ground, 2 cash out delayed financing loans in process, and almost at the end of our first debt cycle, getting ready to emerge into the next phase of our growth stage.