Hi Everyone,I’m a NJ resident and just starting my real estate investment journey.

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.

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!

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.

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

- Don't click links or files if you're not expecting it or if you feel pressured to do it.

AlabamaAlabama residents enjoy a low cost of living and a thriving economy.

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

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%.