Was the sale at market value, no, it did not meet the conditions to establish a fair market value at the time of sale.

What they are saying is that states can take charge and enforce the intent of the Act and if they fail to do so then HUD will take charge, but of course states don't receive any funding for enforcement, which is kind of the reason to put it off on states under these circumstances, since they don't have to establish the new laws, no funding needs to be provided.

I've moved in my 1031 and establishing residency, I realize the 1031 has to be held 5 years if you take the capital gains exclusion but how do you count the months of rehab before you place the investment property in service?

You can do deals in your own name but with an LLC you can do things like establish corporate lines of credt etc...If you are using funding companies to complete your A to B side I've seen some that require you to have a business entity, why I don't know.

At first it was easy to say that the foreclosures were not typically valued properties and they could not be looked at to establish FMV, but they seem to be the norm now and anyone buying or selling retail is buying or selling at a premium.

This will help you establish a track record and gain confidence.

By having the W9 now you have the information you need to file the 1099.Independent contr, agr. is what establishes them as independent contractors and not your employees.

I would however advocate having several buyers and establish what their criteria are and look for properties that fit that criteria.

I am torn between the more established location with the older buildings and the nicer new buildings.

In fact, it specifically says: "The National Response Team has been activated and Unified and Area Commands have been established near New Orleans to coordinate search and rescue operations and oil spill response efforts."