The information contained in this post is not to be relied upon.

Is there any rule or timeline in which this has to be done?  

If he closed and now has to move in and has an attorney, he should be fine.

Ask the asset sponsor if they have debt in their capital stack. 

It is a new construction home in an up and coming area.

So whether you sell to their trust or to them individually it still has to pass from you in order to do the 1031.But even more you don't want to be in ownership when they pass so you can get the step up in basis and inherit the property tax free.

Vacancy is often around 5%, particularly in high-demand markets, though this can vary by location.

Who do you use and recommend for property management in Decatur, Alabama?

Did you know there could be grants available for you to utilize in your business or real estate project?

Thanks in advance for your help!