@Michaela G.Thank you for your response!

If you purchase less than your sale or if you take cash out from the 1031 you will pay tax on it as profit.However, If  you want to accurately calculate your tax position in a property you must calculate the adjusted cost basis.  

Sorry for the delayed response.

And then it becomes finger pointing about who left it open and who is responsible for the stolen items.

Greetings,I am using the BP Rental Calculator help me evaluate potential rental properties, and attempting to be as accurate as possible. 

No, the wholesaler usually isn't responsible for any closing costs.

@Gabe Amedee Thanks for the response.

Concentrate on one niche in RE investing at a time. 6) As far as your friendship/partnership, if your and your partner(s) to be objectives and long term goals are aligned and your attorney spells out clearly each partners' responsibilities in the operating agreement, you should be fine. 

When it comes to listing the property, buyer is responsible for removing any personal property left on premises.

Any advice on finding an accurate listing of flood zones?