This means that the property doesn't qualify for the extension, probably because it doesn't meet the covenants such as DSCR or debt yield, so the lender is making an exception and is willing to grant the extension in exchange for the $4 million.

prices are high, interest rates are high, there is tremendous demand for inventory, and - one thing that doesn't get mentioned enough - a record number of properties are debt free. 

If yu claim one it doesn't void the option to claim the other one.Provided you meet the IRS requirements for both, as a tax strategy, you could complete exclude a portion of capital gains under Section 121 and then defer the remaining capital gains under Section 1031 (@Dave Foster is a great resource for 1031 exchange). ..

The borrower doesn't get anything at closing.

I am with Suncoast currently.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

My retirement system doesn't allow for me to roll anything over given that I'm still employed with the company and also under 59.5 years old.

It's not hard and doesn't take that long.

We can pay what we need to, but putting 1/3 the sale cost of the house into a foundation repair doesn’t seem like a good option unless there’s absolutely no alternative.  

@Bryan Hartlen I realized the fact that the operator doesn't recoup the cost of a new lease if it costs 1 month's rent.  

Make sure every dime is deposited into the trust account.Private lending, like syndication investing, doesn’t involve many transactions.