WE then put 1.2 million into it and resold it at 5 million to the CEO of precision Die cast  a Portland based fortune 500 company.  

The deal would be from a 1031 Exchange on my current rental in San Diego which will go on the market in June.  

It's not the end of the world.Postpone the sale, and have your title company, realty lawyer or yourself - speak to the local council to see what can be done to get rid of the lien.My lawyer has run into it a few times, and the county have worked with them to remove the lien, and many times they have - for the simple reason that a new buyer of the property will take care of it and sort out all it's issues - which essentially is what the county wants.Otherwise, the liens continue to rachet up, will never get paid anyway, and whoever owns the property simply abandons it, which is an expense not only to the county when they eventually condemn it (and remove it), but also a property they recieve precisely $0 each year in property tax once the owner has done a runner.It'll take a bit of time to sort out, hence postponing closing.

I would contact as many 1031 exchange brokers as possible and just get the word out that you are looking to do a bulk buy. 

Seller will consider refinancing the property and financing subject to new loan with a balloon in 5-7 years.What will the tax implications of that sale be vs. bringing additional cash in and exchanging into another property?  

is there any way around making sure the resale (not exchange) of one's primary residence closes at least 24 months after the purchase date?

**HERE is my question, and why I am asking about it: Is there a deal structure whereas I pay them some cash (to give them $$ for  in exchange for title to the house and 120 days to deliver the full balance of the purchase price AFTER I rehab and sell the house?

Hello Boththanks a lot for your replies.My main ask in these kind of deals is how can one assess that paying 10 months rent can assure that the 230 next ones will be paid... nothing... and also, after asking a few questions, I understand that once the note is bought, you're basically on your own... so not really suited for an out of state investor, less alone a foreign investor...The JV deals also seem a bit dodgy to me.. the investor puts 100% of the cash but the benefits are split in exchange for one putting down the cash and the other putting down the work.. seems like the investor has all the risks and the partner only has benefits...Thanks a lot for your answers in any case !

What happens if they abolish or limit the 1031 exchange?

But hopefully your new property will help offset that.Selling and exchanging is another option.