@Emmett McNulty and I have been friends for a long time but life took us in different directions for the last many years; as it does.

It was not until recently (read: last week) that the light bulb went off in my head as I listened to random BP podcasts on my way to/from work. 

I have attended all but one of the Investor club meetings over the last few months...they have been great!

I just signed up here recently, am very much in the learning phase (burning through all podcasts over the last couple weeks), and am excited to be here!

I told my agent to tell them to submit it and try to sell their agent on it, selling season is over, house needs work, etc....That was last night, now they claim they have another offer that the seller wants to respond to before responding to me.

Dumont, for example, raised their property taxes 2.35% this year, but their Rent Control Ordinance is pegged to the CPI and for the last few years has only allowed Residential Landlords to raise rents by .008%. 

However, there is a way to convert a rental into your primary after the completion of a 1031 and the establishment of the replacement property as a investment asset as you suggest in your last option. 

At closing the previous owner transferred the security deposit and last months rent as stated in the contracts. 

Take photos of the issues.then you find the owners on the county assessor site, and send them a personal letter and pic of the property saying you drove past and noticed this house, that you were not sure if anyone was living there but you were interested in buying the property. while you are sending out these letters you should try and find any of the following:private money, hard money, flipping partners, landlords, cash buyers, etcyou can find these people on BP, or go to a title company and ask who has been buying in that area for cash over the last couple years, you could ask your family members, etc.Now when you get calls back from the homes you drove by, you already have the exit strategies. anyway, that was a condensed version of driving for dollars so if you have any questions about that, feel free to reach out to me or anyone else here on BPAdam Adams

  - Lastly, we all hit resistance in this buisness.