Most primary residence lenders are not going to lend in second position for a purchase.

Well future ref for those of us who have NEVER had to reside with pests before, prior to this messi wouldn't have known what to look for, and when the people who live around you, and have lived here prior to my moving ng in.

At 1031 Capital Solutions, we have daily conversations with landlords contemplating selling their rental properties, many of which are single-family homes or small multi-unit residences.

I'm a CA resident, so gains would be taxed as ordinary income.

Hey,If "building class designation" is the same as zoning, then this seems like it can definitely be appraised as a two family, with both the legal and actual designation as a two family.Depending where in NYC, that may not help your valuation, as primary residences sometimes sell for more than investment properties, so check that out before challenging the appraisal and definitely before paying for another one.Double check all this with your lender/broker as well.Best of luck!

I have also purchased resid. and comm. properties where the landlording/property management was really poor. 

If you are "doing business" in CA, the LLC should register in CA as either a resident LLC or a foreign LLC. 

No one in my family really does real estate except for my mom which rents in PR and a couple houses in Dominican Republic but these were things that happened by chance (DR houses were inherited and PR was our primary residence when I was little) ...  

That being said, if this is a Heloc for an investment property and not your primary residence, most banks and CU's treat these as commercial LoCs, so the rate is likely be 9-12%.

Once you’ve chosen a home, we buy it, renovate it, place a resident, and offer it to you for purchase.