They are passive entities that hold institutional investment real estate and are 1031 exchange eligible.

Also, since I don't know what your father-in-law's plans are for the properties when he is no longer around, he might consider hanging onto them until he passes and whomever inherits the properties should have a stepped up tax basis which is a very big deal.And, as another idea, he can probably do 1031 exchanges to other properties if that is his goal.He may need asset protection advice and estate planning advice to go along with his investing.

Email me and let’s exchange numbers real quick.

I’d really love to connect with people who invested in foreign countries (especially Latin America) or perhaps get book recommendations or start a meet up in the Bay Area for people who are interested in similar.

ABANDONMENT OF PERSONAL PROPERTY72.101 and:(1) the last known address of the apparent owner, as shown on the records of the holder, is in this state;(2) the records of the holder do not disclose the identity of the person entitled to the property, and it is established that the last known address of the person entitled to the property is in this state;(3) the records of the holder do not disclose the last known address of the apparent owner, and it is established that:(A) the last known address of the person entitled to the property is in this state; or(B) the holder is a domiciliary or a government or governmental subdivision or agency of this state and has not previously paid or delivered the property to the state of the last known address of the apparent owner or other person entitled to the property;(4) the last known address of the apparent owner, as shown on the records of the holder, is in a state that does not provide by law for the escheat or custodial taking of the property or is in a state in which the state's escheat or unclaimed property law is not applicable to the property, and the holder is a domiciliary or a government or governmental subdivision or agency of this state;(5) the last known address of the apparent owner, as shown on the records of the holder, is in a foreign nation and the holder is a domiciliary or a government or governmental subdivision or agency of this state; or(6) the transaction out of which the property arose occurred in this state and:(A) the last known address of the apparent owner or other person entitled to the property is:(i) unknown; or(ii) in a state that does not provide by law for the escheat or custodial taking of the property or in a state in which the state's escheat or unclaimed property law is not applicable to the property; and(B) the holder is a domiciliary of a state that does not provide by law for the escheat or custodial taking of the property or a state in which the state's escheat or unclaimed property law is not applicable to the property.

I had looked in BizJournals & County Records & we also have Business Observer here.They have all listing that are public including foreclosures & lists the names of the buyers.Specifically, I wanted to know how is it that I can find their info because all it lists is the buyersi;e Residential Real Estate Transactions - Hyde Park Scattered Apartments II LLC to Castleton Exchange LLC, 320 N.

I know a 1031 exchange will not work since this has not been an investment property. 

PM and we can exchange contact information.

It was a 1031 exchange and our attorney handled it flawlessly, even when a few wrinkles (tenant not leaving when the lease was up, cash for keys, a cleanup holdback at closing that could have triggered capital gains on the holdback amount).It all eventually worked out for our client's benefit and a big part of that was having a staff attorney.

I'm not familiar with 1031 exchange.