I have an addition I’m having done in my personal residence by one of the best contractors around and he’s on month ten now and still not done .

Thanks for the additional info.

Additionally, reaching out and starting relationships with lenders now will help you identify what information you may not have realized you would need to get funding, (a lot of lenders do not lend to individuals, only corporations, like an LLC).

Additionally expecting an agent to do all of the above for a small purchase price like 50k or 75k is unrealistic for most.Big thing I never see mentioned on here is make sure the broker or agent is QUALIFYING YOU to take on as a client just as much or more as you are qualifying them.

You can require that they name both the owner and yourself as Additional Insureds. 

Do you need the additional funds from the proceeds of the property to purchase your next home?

.- Hold for 10 years and No gain recognized and no tax when electing Basis = FMV based.Let look at an example and do some basic math.Meet Bob-Bob sold Real Property on September 15, 2018.

DSTs were formally recognized for 1031 treatment in Rev proc 2004-86. 

There is an additional 1000sqft of basement space a 700 of which is already finished but outdated. 

These are professionals with additional training and a stricter code of ethics.