It could cost many thousands in attorney fees to set up a lending practice and become licensed, secure bonding insurance, create multiple entities, and all that comes with becoming a lender.

This distinction gets quite complicated in practice.  

and you get the yield.. this is standard practice.. what kind of due diligence did you do on the borrower and the collateral? 

Now I can potentially see why I got no response for days, I've tried to speak with several CPA accountants and they either: a) said something which tells me they have no idea about it and I'd be paying for them to research or,b) paraphrase...that is a dumb, stupid idea drummed up by people looking to hit you with fees, I would not take on a client who tries to do that (SDIRA) I know Maine as a state is not the most progressive but either hundreds of people on this site are in the scamming business, or the folks I have spoken to have their head in the sand....geez, if I could find just one he/she might be able to carve out a specialized practice for themselvesI get that the primary tax laws are federal so I could go out of state...maybe that is the play but if possible I would like someone close by for thoughts, advice, and convenience (not just for Sdira).  

You can practice your land-lording skills and then easily sell-out in the future(3) As a primary residence, you shouldn't have to pay any capital gains on the sale if it appreciates (verify with your accountant b/c I don't know your personal situation)Those are the positives that I see, but the big question is where would YOU live if you're renting out this property? 

Quote from @Dave Skow: @Jose Leandro Gobea-  check with several lenders on  their  options  before you get a property ...make a  decsion to proceed  with ONE and get  fully pre approved ...once you have an offer  accepted and need to lock rate - get some  quotes from your lender and several others - make a decsion on  locking and  move forward with one lender  Thank you so much for your help and you time, your answer was really value for me, you gave me step by step practically.

I've never had the opportunity to 1031 into a brand new building, because it wasn't practical to build a brand new building in six months; but it is with modular.That timeframe is achievable because the entire building is being constructed in the factory, at the same time the site work, foundation, and utility installations are being completed.

This is annoying and disruptive, and with the continuous flood of new wholesalers trying their hand at the game, the onslaught will probably generate enough complaints from normal people that eventually encourage the powers that be to crack down on wholesaling, which in Ohio, is apparently an illegal practice of real estate agency. 

This allows you to not be dependent on business practices of OTAs, VRBO and Airbnb telling you how to run your business.

The "dots" are the Realtor postings and the "zeros" are my responses:•“I would not get involved in such a transaction because 1) I don't want to lose my license to practice real estate and go to jail, and 2) I would not be acting in my seller's best interest if he could get a higher price for his home and not be saddled with a larger income tax on the forgiven debt.†oBill Patterson • Quite the contrary!