They quoted $1400 but that's treatments.

If you owner-occupy, you could get favorable financing, tax treatment and may be able to include money for renovations in your loan.

So for example, a taxpayer that lost timberland property used for logging could not replace that property with a parking lot and qualify for non-recognition under Section 1033.Property that has been condemned enjoys more liberal treatment, and instead of being judged by the “similar or related in use” standard, is determined by expansive definition of like-kind similar to that of Section 1031.

In another words, you won't get any special treatment just because the bank owns the current loan (and you won't get worse treatment either).

@Steven Hamilton III get the taxation in the scenario you describe, but part of the reason behind incorporating an apartment building (or commercial property) in its own company is, you can just sell the company.If I were to incur the capital gains in my own hands, the treatment wouldn't be any gentler.

Property acquired as rehab (i.e. fix and flip) are held for sale and not for investment, so will typically not qualify for 1031 Exchange treatment.1031 Exchanges require that replacement properties be identified within 45 calendar days after the closing of your sale transaction, and completed/acquired no later than 180 calendar days from the closing of your sale transaction.

It really makes the place look updated for our future tenants.We started a pest treatment schedule so that they will be clear for when we start leasing down the road.While we are getting our security system in order, we put up a dummy camera facing the dumpster in addition to posting two yellow signs that say "smile, your on camera".Building Permit UpdateStill working on the permits required to do the remaining interior work such as the closing up uncovered walls, ceilings, plumbing, electrical insulation etc.

seems to be how they handled the banks.I suppose if we want the same treatment we should definately get "Linda Green" to sign all of our docs.

I only had to pay for the one treatment but yes.

I get all my window treatments there.