I dismissed that case, properly noticed the tenants of change of ownership and am now getting ready to serve a new quit or pay.

Killing contracts or settlements without proper guidance might cost you your license too!

IMO: If your duplex is has better curb appeal than other duplexes on your street and manage the duplex properly, you could maintain your rental premium.

You'll also need a skilled lending attorney to ensure the origination was done properly and that the paperwork is flawless.

Did you send in the proper amount of fees with them?

You have to set these things up correctly however with the proper structure.When you keep doing 1031's the property or properties have to be at the same amount basis or higherI am not an expert tax accountant or an estate planner so take what I say with a grain of salt.

The benefit is that your entity may not be subject to the Passive Activity Limits for deductible loss established by IRS. 3 Financial: If you are properly running your LLC (minutes, filling, separate bank account, filing taxes, EIN, getting your DUNS number, Getting Business Credit Cards, etc.).

I'm just being really careful and I want to know how to approach this properly.

To properly shop, many different lenders will need to pull your credit report.

There are so many things that need to be taken into consideration so make sure you do enough market research and properly analyze your market.Good Luck!