Hey Chris,  When you've got a lot of moving parts and some very specific replacement requirements you may want to look at doing a reverse 1031 exchange.  

Seems like there would be a lot of money exchanges time rent is due.

Would a 1031 exchange be a better strategy?

And yes, I left off depreciation, because no one ever brings up the 25% depreciation recapture tax due on sale of the property (or the end of a 1031 exchange chain).

I am selling my inventory now outright or doing a 1031 exchange on my taxable investments.

I get the creepy feelings when BP members suggest that they can buy Rentals or Invest in foreign properties and expect things to go well.

They cut out a lot of the boring facts, and usually the judge and the defendant don't get to exchange insults with each other, other than that, it's exactly how court works.

This is a great place for like minded individuals to come together, exchange and network.

Those new ultra modern condos aren't for the locals, yes there are some young professionals moving down for jobs, but many of these condos sit vacant since they are purchased by foreigners as a way to park cash.

We are impressed with this person's success and knowledge, know him to be a stand up guy (he has contractor background too), and see a win-win for both parties with future deals and lead exchange downstream.The funding scenario is . . .80% Hard Money with 20% Private Lender Gap Financing1st Position Loan Amount80% Hard Money for Purchase and RehabFinancial Requirement - $144,000Use of Funds - 80% Purchase and 100% RehabLender to be Recorded as 1st Position Lien HolderLender Holds Back Construction Funds and Drawn Upon as Needed.2nd Position Private Lender Loan Amount20% Private Money for Purchase and Carry CostsFinancial Requirement - $35,000Use of Funds - 20% Purchase, Closing and Carry Costs for 1st Position LoanTermsLender to be recorded as 2nd position lien holder on title filing12-month balloon note with no prepayment penalty2 points and 10% annualized interestPrincipal, Points and Interest to be repaid at retail sale of the propertyMy stepson is well aware his 2nd position can be extinguished if things go south.