Quote from @Anil Shah:  Short answer - if they originate a loan that they want to sell to Fannie Mae and Freddie Mac, they need to follow their guidelines.

Hello,We have "trapped equity" in a long term rental condo and are considering selling it and doing a 1031.

Trying to keep things simple with long-term single family rentals til I hit my conventional limit then will try different strategies with different funding options.

I am trying to hire a licensed REA for my LLC to perform occasional open houses and move-in/move-out inspections since I am out-of state from my rental property.I have the REA identified, now I just need to know the steps to creating a contract for them and me to sign.

Hello Adam, The way I draft our contracts in Pennsylvania I include a clause that requires the tenants to carry $10k in personal property and $100k in liability.

While short-term rentals in areas like Kissimmee, Florida, can pay for themselves and offer lifestyle benefits, the ROI typically doesn’t match what I see from my traditional portfolio of long-term rentals in North Texas.That said, short-term rentals can still be a great choice, especially if you're drawn to the area and the opportunity to combine personal use with investment income.

Rent growth has been flat over the last year so you need to account for flat rents near term.

(No, an Executory Contract does not stop a Due on Sale call) I'm not here to bad mouth him, I'm just answering your question.

That is tight leverage for an investment 2nd position loan.A private investor might be willing to do it, it's not going to be cheap at all & will be short-term money & will not be a line of credit to take out at your liking.What is your rate on the 1st?

I've also heard that traveling nurses are good mid term occupants, so try reaching out there.