If you can secure a commercial multifamily residence within that range within 180 days, you carry over the basis of the two sold properties into the new one and defer any gains recognized to the newly acquired property to be recognized upon the future sale of the property or further deferred with a subsequent 1031 exchange.

If you are experienced and recognize the challenges with lower income tenants, this can be a good business.

2) keep the Utility payments as your own revenue as the revenue was recognized during your ownership?

@Aaron Gordy .Unless Blake Nicholes is not your true name - TREC doesn't recognize you as an Agent??

When you're sharing space with tenants you will want to recognize that liability and reduce it as much as possible. 

I've interviewed numerous SEC attorneys and there are a lot of investors who make incorrect assumptions on the risks invovled.

Unless I am framing the correct question in my mind, I won't recognize the answer when it comes. 

Then, we’ll do it again.In your experience, (recognizing the non-lawyer caveat) is this a JV relationship?

Michelle, the first step to tackling a problem is to recognize there is a problem. 

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