An investor purchased it, performed a major rehab and sold it for $400,000 which was due to the fact that it is a high-value area in Fort Worth and the recently sold comps verified the market value of $400,000.

If you have a corporation which allow you to deduct business expenses do you still have to go through the process of performing a 1031 exchange on your profits since purchasing another investment property is a business expense.

As an installment sale, the asset is owned by the seller until performance of the buyer is completed.

While I can certainly say my time is more valuable than using it for "semi-manual labor" tasks, for now it makes a lot of sense for me.

I know I need an accountant but have not found one I feel is a top performer.

Well, that wouldn't be an option it's a purchase agreement so I wouldn't go there as an option contract.Options can not have contingencies of any kind, especially based on performance of the optionee/buyer.The reason you have an option price in an option is for the right to purchase at a stated value based on the valuation made at the time of the option.

Example a buyer says they want multifamily but want a B asset in a B area fully performing at a 10 cap ( not going to happen as they trade in the high 7's nationally and maybe hit the 8's if your lucky ).

My friend works in a bank and they see but the loans are very rarely truthfully almost never called in because they are happy to have a healthy performing loan.

But therein lies the task of digging for the gold!

The HOA manager is tasked with maintaining the property and it sounds like that is exactly what they are doing.