I came across something odd I haven't seen before when researching a property in pre-foreclosure.Due to having been in and out of default for A LONG time the note face value was 501K, but the  UPB is~1.7M.

Check book IRA’s are helpful in that regard and can bring challenges to own property in them but not unmanageable.

Challenges?

Challenges?

The cost is negligible but the savings over the years are massive.Sprinkler Challenge (Timing)Understanding Zoning & TimelineDemo Challenge in Boston.

The cost is negligible but the savings over the years are massive.Sprinkler Challenge (Timing)Understanding Zoning & TimelineDemo Challenge in Boston.

Challenges?

I have considered that but since this is going to be my first property I don't know what challenges I will face in terms of existing tenants along with the normal process of being a landlord. 

That being said, partnering on a 1031 is a challenge, and I would encourage you to seek expert advice. 

Over the course of the ensuing six months, I work through the very challenging short sale process,  massive amounts of paperwork and the engagement of attorneys, banks, negotiators, etc...During this entire time, this incredibly dishonest and deceitful buyer is limping along through the process, making counteroffers at the very last moment, ghosting for long periods of time and generally displaying a total lack of understanding any part of the transaction.