They are considered "sacrificial" hurricane protection because they are designed to break but remain in place to prevent pressurization of the structure's interior and subsequent roof lift-off.

Hi Mirko, The requirement for a 1031 Exchange is that you must remain fully invested, which means that you must reinvest your net sale price. 

He does not have 70K to pay off the remaining balances on the 2 mortgages. 

From the remaining 50% you have to cover your debt service (P&I only, taxes, insurance, etc are in the first 50%.)A 10 year fully amortized loan will hurt your cash flow.  

The trustee had three remaining properties of the original trust and had bought property in Arkansas he was retiring too.

I love the BRRR model and will continue to keep that rolling in southern nh as long as the fundamentals remain sound. 

You'll have to keep going back to them to remain top-of-mind for referrals, but you should grow your business quickly.

It will make thier life difficult and they cannot buy a house in NM until the judgement is satisfied.

. ;) Personally, in college, I was able to work 40 hrs (thankfully I had a flexible job) and remain at the top of the semester hours where I would have had to pay more to take more classes beyond full time.  

It is all about good numbers on the first one to set you up for the remaining without having to dig in your own pockets.