It's an eBook with a wealth of information on setting up these plans, including many of the rules, pitfalls, legal interpretations, numerous links, as well as a sample LLC operating agreement useful, apparently, in Arkansas.

It would make me very nervious when someone does not follow all the rules.

Move QUICKLY when you find one, and don't rule out the MLS completely.

I don't know the rules on a Reverse 1031, but on a traditional, I believe All the cash equity from the sale property has to go into the buy property(s).

I understand the 90 day rule but other than that do I have anything else to worry about once that time frame is up?

Be sure to check out the Ultimate Beginners Guide as well as my 10 Rules of Successful Real Estate Investing.

@Eddie RishWelcome to our discussion.Please take a moment to read the Forum Rules and restrict solicitations to the Real Estate Marketplace.

Money Mustache and simultaneously from a Google search for "50% rule".I'm a contractor by day (current focus is insulation/air sealing and mechanical systems), but my goal is to be financially independent by 2017 at the latest.

Yes, in Texas you can sue for specific performance, but I think you will have a tough time convincing a judge to rule in your favor since he would be violating the "due on sale" clause .

Google "Instrumentality Rule" for details and factors on what the Plaintiff must prove to pierce the corporate veil.