I will be lowering the asking price and seeing if that will help in the sale of these properties.

Its more transactional than a traditional sale so you want to find out who the decision maker is and negotiate with them.

If not, I do not recommend sheriff sales as a first attempt.

Purchase price: $160,000 Cash invested: $40,000 Sale price: $268,000 I bought my first house in Kalispell Montana as a long term investment and possibly a rental.

The family purchased a lakefront property in a nice area three years ago but then ran into a series of issues, and have abandoned the place because of them.They are hoping the bank allows a short sale (asking for roughly $20,000 under what is owed)Here's what's made them so unhappy:Anytime they used the laundry it was dumping into a dry well, which would back up into the house forcing them to take their laundry to a laundromat instead!!

However, there is a requirement that in order to defer all tax he must purchase at least as much as his net sale. 

What are the tax ramifications of a sale, if any?

If I get my sales agent license, I will need a broker sponsor.

You can’t only 1031 your portion of the LLC’s sale of the property. 

Could VRBO users from Michigan provide some clarity about the topic of sales tax/lodging tax collection and payment to the state.