The identification rules are a little more restrictive but it is still fairly easy to craft a 1031 for you that accommodates 1 or 7 properties.  

Are you restricted in what areas you're looking at? 

I know there are watering restrictions, but you can always buy a little water. $50 should get you several hundred gallons.

Hey All,We have a row of (5) 4 unit apartment buildings in NJ that I was thinking of approaching the local township to get approval to convert them to an age restricted building (55+).  

If there was, I'd want to know when and why.Same with HUD, HUD has a list of sanctioned players that have been barred or placed on restrictions, someone could be hit at different levels from never buying another property for investment by a court order to being excluded from HUD type financing or projects, if they have walk away as these are serious issues.Run the name for criminal matters, if there are recent issues, even a DWI, I'd think twice as if they get nailed, sued, your project can be at risk.

Before you do any seller financing read about the the Dodd Frank Act and the requirements and restrictions involved.  

I've heard that it's more ideal to invest in markets that have limited potential for new development, as that accelerates property appreciation. Do the city maps typically show what land is un-buildable around the cit...

Check covenants or bylaws of your HOA for restrictions on renters or short-stay tenants.2.

If this is commercial SFD and HUD won't apply, there are other laws to abide by, but you can restrict who gets in, restrictions applied fairly. 

For me, Japan is also attractive when it comes to investments, if I may ask, are there any restrictions for foreigners to invest in Japan?