During a title search on the property it was discovered that there was a $3,000 seller carry when he purchased the property back in 2005.

I am 58 years old and planning that real estate investing in Kona could carry me into retirement.

Always buy insurance, then run your rentals in a responsible manner. 

In other words without looking at the specific funds in question, how many of the positions move in the same direction in a highly correlated manner?

However, coming at them in a disrespectful manner that makes them feel pressured, or taken advantage of will rub them the wrong way, and they will most likely tell you to pound sand, and then bad mouth you to anyone who will listen. 

Yes, I agree most of the jobs may not be sophisticated management positions with huge salaries, but they will contribute to the areas they are entering in a very significant manner. 

You will have to setup, manage and run it, in specific manner, keep perfect records etc and it still is no gaurantee.

In a 1031 exchange your cost basis and depreciation are carried forward into the new property.

They don't carry it unless required.

So the Contractor will stop work until he receives payment. it works both ways and the Contractor is at risk here too, so they will not get ahead of payments.All in all, what it does is slow things down - a lot - so people avoid doing it.Better to just be a smart, responsible homeowner and pay the Contractor in a timely manner AFTER the work is complete and inspected.