Quote from @Hugo Ramirez: Hello, I have been trying to start with it for a while, after review many options and see comments I'm totally lost if are good, or scams (Raul Luna, Peace Morby, Sam freedom, Grant Cardone, Ace Properties, Mel and Dave, Thach Nguyen, Daniel Devis,Tax Lien Wealth, Texas Reias, We buy ugly houses franchisee.

irs rules for a 1031 exchange are the most convoluted in the entire tax code, IMHO.

@Taya Shavers if you can get answers to the above questions on your own, plan, and file your own taxes then you can avoid this expense.

Just be careful of those pitching costly entity formations and tax planning, you may not benefit from that quite yet. 

We have never hired CPA before (we always used Turb*Tax, but i think it's time), so bear with me for I have a very elementary question....Should I look for CPA in GA or the state we are residing? 

Small single family investor looking for tax assistance

The single most important thing you MUST do is get a title report prior to the auction (sometimes referred to as a preliminary title report, letter report or owner report).The title report will reveal what lien position the foreclosing lender is in, as well as if there are any other "skeletons" in the closet of the home (i.e. federal or state tax liens).

There isn't much else to the facts and circumstances.Does that info help to elaborate on what potential options I might have if I were to find a CPA (maybe you, for example) that is willing to figure all this out and do it legitimately with me?

.: PLEASE, NO INFO ON TAX SOFTWARE, PORTAL REPORTING OR LARGE OUT OF STATE FIRMS.

Your liability as the owner is the same and the tax benefits are exactly the same.