You will get credit on your US taxes, however, for taxes you have already paid in Mexico.You can 1031 exchange after selling as long as the property you buy is outside of the US.Don't consider this as legal advice.

In order to sell one of the units, you would either have to pay off the loan or get the lender to agree to release the deed in exchange for a partial payment of the loan.

My understanding of a 1031 is that you have to own a property a year and a day in order to roll the equity into something else. 

If it's verbal only you may be able to reach an new agreement for future dealings in exchange for her bowing out on this one.Yes - you can always do FSBO on your next property(-ies).

In Ohio it is illegal for an individual to Sell, exchange, purchase, or negotiate the sale, exchange, purchase, of any real estate for another, for a fee, without first obtaining a real estate license.

Hi all,

This is my first post on BP, and I hope to get some good feedback on a proposed transaction.

I have an opportunity to purchase a home in a nicer section of DC; what makes this an unusual opportunity is tha...

Here is a basic contract I uploaded to Bigger Pockets that exchanges additional time in the property for later leaving the property in relatively clean condition.http://tinyurl.com/86ehwurI would use this contract also when I was busy rehabbing other houses and I knew I had a bit of extra time before I'd be able to get to the occupied one.Now with all of this said, I do not recommend trying this with a foreclosed owner who is furious and combative.

To simply say manage is a broad scope of business but is also rather limiting as you may want to buy and immediatley sell a property sometime, that may not meet the scope of business to be conducted and thereby lose the benifits of your LLC if something blows up in such a transaction.Just saying, I prefer to cover the bases specifically, buy, sell, trade, exchange, construct, repair, improve, demolish, develope, lease, sub-let and manage, borrow, advance or lend money and to do all other things necessary and/or related thereto as allowed by law.Doesn't mean you must do those things, just that if you do, it is within the scope of your regular business to be conducted.

I think a point that drives home your post is the fact that you don't have to pay taxes on that appreciation either if it's your primary - not the case in rental properties (even though you can do 1031 exchanges). 

You'll have the same amount of debt, whether to the owner or more on your current properties, and probably at worse terms.The other option (what I would do) is sell a couple of your current properties and use a 1031 to purchase the 20-unit.