Having an experienced GC build their first deal or two of their own is, for reasons that sometimes don't make sense, get push-back.

If you're already stretched thin and expecting to hit 15-20 properties by year-end, hiring by summer makes sense, specially if revenue can support it.

This would be a significant modification to the underlying collateral and I’m sure it would be prohibited in your loan docs.Thank you that makes a lot of sense.  

I can see many people's recommendations in the other thread being focused on house hacking, which makes sense to me. 

Near popular attractions or a university where a mid-term or short term makes sense?

NOW it makes sense. 

Since my first property is long-distance, I figured it’d make sense to look for my next one closer to home.

I have seen a few deals lately on MF but plenty of it makes no sense on pricing to many investors. 

If the numbers make sense, the plan is to approach the seller and attempt to get a lower price for this "2-story" building which has vacancies, since that's what the owner is selling.

Meaning, if you take the money only, you would have depreciation recapture from your cost basis up to the original purchase price of the building (not including the land cost because it wasn't depreciable), plus a capital gain up to the insurance proceeds.Hope this makes sense.