Then when the other property sold, I could structure the sale as a reverse exchange and identify the replacement property as the same property from the first exchange.?

3) I would prefer it to be a space only rental and how to identify if i would get business with space rentals?

We didn't loose any money, and I personally feel grateful that I learned a life lesson for free.However, when we attended the open house and got the same "it's a little utility work, and I think most of it has been done," I saw a pattern of deception.When I saw a family stroll in with a very young baby I realized that someone might not be represented, might believe them, and pay close to list price.

But this is an important expense to identify who will be responsible for paying.Where did the tax bill number come from?

(Trust me, I've been marketing on Craigslist for years, and the 'ads' always have tells that are easily identified by anyone who watches Craigslist on a regular basis.)Plus, it trains them to get on your list when every time you post an ad, the deal is gone by the time they call.

I personally pay close attention to the veterans on this site….they can be identified by having posted several thousand responses.

Here is the scenario (I'll use names so it's easier to identify the people):1.

@Pat BurchAt current rates you could owe about $13,000 in Federal income tax for capital gains (20%) and recapture (25%).By doing a IRC Section 1031, you would defer paying that Federal tax and be able to roll over the full proceeds into the 2 properties that you are looking to acquire.You have to meet the strict requirements of a Sec 1031, like not getting your hands on the proceeds, identifying the acquiring properties within 45 days and settling in 180 days.

Dynamic soil problems (clay on schist, etc.) have historically only been stabilized with expensive pylons or other mechanical methods, although advances in geo-textiles and other high tech engineered solutions are becoming more widely used and available.A problem purely related to a foundation, such as a cracked slab, can be identified and the remedy and its cost/risk estimated fairly closely and kept within budget.Many years ago I sued (and won) a large tract home builder and their grading engineering firm.

@Conley Hallsearch the BP forums for "lease options" to educate yourself on the procedure and the legalities of lease options in your state.You would need, at a minimum, a lease agreement and a separate option agreement that identifies the non-refundable down payment from the tenant/buyer, the option period, the sales price and if any part of the rent would go towards option payment.