If it's not working out after a year, then you can always sell it and try to do a 1031 exchange into something local to you in GA.And of course, you'll be missed here in RI once you move!

We agreed per the numbers below in exchange for a lien on both properties.Here are the numbers for this SFH:$36,000 Purchase / $80,000 ARV$3000 closing costs$4000 holding costs for 5 months minimum$55,000 Loan at 8.5% interest only with 0 pointsApprox. $10-15k in renovations needed. 

Of course it looks like you are a foreign investor and you may have to pay a premium for ta prep as extra work is involved. 

Thankyou Bill, so what percent taxes would I pay if I didnt use all the monies in the exchange?  

utm_source=search&utm_medium=internal&utm_campaign=booksSimply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

Would like to information for lenders in Atlanta, Ga who work with foreigners , Thanks

Think about all the wealthy investors (including foreign investors) who can invest anywhere in the world and choose to invest in San Francisco area.  

I would love the opportunity to exchange ideas.

SO many tasks can be delegated in exchange for learning and/or partnering on deals!

You might contact a 1031 Exchange Specialist.