Hello BP - Happy post-Thanksgiving forum browsing.I have a potential seller finance deal on the line and I'm looking for your thoughts.This is a 2-unit property in Denver Metro that I'm trying to structure a deal on.

. $1.8Mil AV FMV Purchase for $650K and Seller willing to work with us.Clearly, the property value shows a deal, however, If not for the high income generation per unit, Our Model yields We doubt that buyers are lining up.

A truck bed coating like "Raptor Liner" would likely also deaden the noise transfer.

I will be doing flips and have my credit line approved.

I know in the area of PA where i invest, there are a lot of "Alley Ways" that belong to the town, and not the owners of the properties next to them, but they can be used by the property owners as a walk or a drive. a lot of times these areas are just grass, but it may just be listed in your title that you have the right and your neighbors to use it and you can not do anything on it. but also keep in mind that it may come into play if you ever decide to add on to the house, you may have to build to a setback from that easement line.

Theres a home equity line of credit and a home equity loan.

Adjusting for inflation, Tampa is currently around where prices were prior to the 08 crash.Whereas most of the county is currently above pre crash levels - there are a few markets that are finally pushing past that line.

Bottom line is not all that glamorous but pays the bills.I think your idea is great, it requires skill to put together a spec build, design, and sell, not to mention finding the right deal will also be a challenge, the good thing about it is there is less risk of the unforeseen factor aka surprise expense.

Bottom line faster is always better.

But more importantly the bright line test appears to be the "intent' of the tax payer.If your intent was primarily to resell (most interpret that as a forced appreciation/value add/low ball purchase scenario where the desired equity is present at the time of purchase) then you are treating the property as inventory and 1031 is not appropriate.If your intent was to hold to use or to generate income from, or to take advantage of longer term appreciation then you are treating it as an investment and 1031 is appropriate.