Originally posted by @Brie Schmidt:@Sharukh Ahsan - About 5 days and we closed 10 days after the original closingThe thing is that the owners transferred the title to their living trust before the Lis Pendens.The Lis Pendens was served to both the owner and the living trust, however the foreclosure judgement only named the owners and not the living trust.So technically the living trust still has ownership on the title as the foreclosure judgement omitted it.My lawyer said Wells Fargo may need to do a strict foreclosure on the living trust to clear the title unless they can provide some sort of documentation the trust was included.By the way the owners names are on the living trust, if that matters. 

I am not sure if I would want to practice, so this question is strictly related to the benefits associated with investing from becoming an agent.

We were looking at as strictly investment so the COC being high makes sense.

Strictly based on numbers How did you find this deal and how did you negotiate it?

I just didn't want to make it possible for him to sue me.First, I wrote a negative review about him on a very popular niche-related site (like BiggerPockets in your case; just be careful if they have a common name so that you don't hurt someone unrelated) and his business using this title to make sure that it ranked in the top 10 any time somebody searched for him or his business:"Joe Blow of Joe Blow's X in San Diego, CA: An Honest Review After He Didn't Finish the Job AREA CODE + PHONE NUMBER"I was careful to make sure that I just stuck to the facts and didn't call him names or use words like "scam" or "ripped off."

These were code words that the condition was iffy.

I would also recommend contacting the code enforcement office for the municipality the home exists in.

A lot of FL building codes are very different, labor market was the largest difference in my opinion.

Plus you will have to make sure the design was done recently to make sure it meets the current energy code.

It's very important that people educate themselves on how the 1031 Exchange works because there are some costs involved and some very strict rules to follow.