I had never used this company before, so I went to the original company that priced $8750.09 and asked them to price match.

My original plan was just to flip this like everything else.

Originally posted by @Jason Fitzwater:Question to all of the ATL investors on this thread:  Why does the proximity of the rental cabin to ATL make a difference for you all? 

Pay off existing mortgage: The new loan pays off your original mortgage, including closing costs and any prepaid items.2.

My tenant found sublease for 500 less than he pays. He has 3 months of rent left and this is for 1 year new contract. Should I recover 1500 from him or 500*12?

Originally posted by @Andrew Hogan:Thank you @Russell Brazil.

They were all making money on this transaction, and likely not being transparent with the original owner. 

For example, the “Home Sale Exclusion Gain” (IRS Section 121) lets you exclude up to $500,000 in profits if you are married filing jointly and $250,000 if you are single.The post originally appeared on the BiggerPockets blog.

These were originally built for students, but with population growth outpacing student numbers, they converted and are now thriving as traditional multi-family units.

The way a 1031 exchange works tax wise in the simplest fashion, is your initial basis in the original property you sell becomes your basis in the new property.