@Mary lou L.I'm 54 yrs old.My father passed away when I was 21 and my brother was 20.Parents had some properties that we had to tend to.We  1031 exchanged some into other properties.Bought personal homes and then rented them out after moving on.Didnt get real serious about building wealth until 2006.I was 45 yrs old then, realizing retirement yrs were right around the corner.We accelerated real estate investment to retire comfortably.Accumulated 8 more rentals,flipped some,and started private lending.Yes I wish we were more aggressive in our 20's and 30's.But we didn't have anyone or BP to to teach us what or how to do it and why it was important.Lord knows our educational system did not teach us about wealth building for retirement.We learned it ourselves and and a lot of times it was the hard costly way.So in order to keep history from repeating itself we are consciously trying to educate our children and other youngsters  on the importance of financial literacy and the implementation of that knowledge.Father time stops for no one and doesn't care how you spend your life.It's up to us to create our financial future no matter what age we start.Good luck to all us old farts and young farts.

After a few hours of research and with some editing work provided by my CPA I sent her an email thanking her for response, sent condolences regarding her husband and then offered up a few ideas regarding a 1031 exchange and offering to pay for a CPA to investigate other options for her.  

Haven't bought my first investment property yet but my goal is to have 1 by June 30 and the 2nd by Dec 30.To network and learn more, I am looking to partner or offer my expertise in exchange to ride along, help find deals, etc...I am open to anything.  

I now want to do a 1031 exchange.

He carries 60 month notes at 9%, no money down and no points in exchange for a first mortgage.

If you have less land or management you may need more capital.The easiest way I know to explain "compensating factors" what a lender will look to in making a lending decision is what keeps the deal in balance as a good lending risk.Borrowing money is an economic transaction, there must be some exchange made by each party and each must bring something to the table.

(I say this as a plaintiff's lawyer) I'd probably get a lawyer involved and make sure any money you give her is in exchange for a full release, but I just wanted to say that your exposure looks pretty limited/non-existent to me.

You need to consider taxes in RE activities, active, hands off passive income, recapturing depreciation selling, 1031 exchanges?

Examples would be great or if you were to look at the 1st note on the water mark exchange link below, what are you looking at/for? 

You seem like your following the correct steps for rent collection, let the silent tenant know you will hand over the check in exchange for cash or cashiers check, or money order.. if not paid in full by Sunday you will file for eviction action on Monday.