No qualifying and the ability to use your money to purchase something else?

If you discover in a few years that your original title had a problem, your LLC has no recourse.

https://www.biggerpockets.com/forums/51/topics/1122635-the-s...For 2024, it will be a mixed-use personal/vacation property on which no losses are allowed at all.

As weeks go on, why would a tenant ever pay if there’s no threat of eviction?

This will also help assess the extent of any necessary remodeling.Give me a call.

Not considering it will take years of perfect rental with no vacancy or capex just to “break even” with where they are today. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

There is no statutory prohibition against buying from a related party in a 1031 exchange. 

Based on comps I could get about $2,200 a month in rent. that breaks down to :-$1,100 (+) -$600 = -$1,700 in mortgage/HEL$2,200 -$1,700 =$500.00 profitOr the Home Equity Agreement I get the $62k cash with no payment.

.📜 Know the rules – No "deal-making" in the forums (that means no advertising, pitching services, or looking for partners).