As things stand ill be using the current owner as the property manager, which means that it'll be challenging to use him for any of the due diligence.

In addition if the investment is held for 7 years, the taxes on those gains are reduced by 15%, and the best part is that if the investment is held for 10 years then there are no capital gains on the appreciation of that investment. 

That country has been a stable democracy for 40 years with the sema political party in power since 2004 through undisputed elections without any violence. finally, I encourage you to fly to Miami from Panama City.

For most flooring you want something that is commercial grade with a thick wear layer that can stand up to years of residential use.

It is definitely a bad neighborhood as it stands and the current tenants of the efficiency are without a doubt crackheads on section 8 housing, but like I said, it looks like the city has been putting money into the neighborhood and the developers are flocking as the downtown area expands.The buyer listed the property for $235k, I originally offered $220k and we came to an understanding at $230k.

I’m late to the party, but please allow me to throw in my 2 cents.

Then they transfer the deed to another party, for example when selling “owner finance” while the mortgage references the original owner.  

The key to the 1031 is that you have to use a 3rd party qualified intermediary to manage the 1031 process. 

@Trevor S Foster I would NOT proceed any further until you get a knowledgeable party involved in the transaction to sort things out.

What I'm really trying to figure out is whether I'll be able to buy this property after it's entered into the collection/auction process with this third party lawyer.