@Nehemiah Ballst, The non-binding version of the tax plan that went from the Senate to the House included an amendment that was a unanimous voice vote to not allow any changes to 1031.The House Ways and Means. committee produced their draft and it left 1031s and the step up in basis alone.

I'm on several committees for my HOA (including our Finance committee), and that allows me to be opinionated about where my dollars are spent.

Hopefully in November there's a changing of the guard and none of these hairbrained schemes that failed in the 70s (but somehow seem to get recycled) will make it out of committee.

That’s when the Federal Open Market Committee, the Fed policy-making group that sets the target rate, concludes its next two-day meeting.

I've got an architect working on the drawings currently and meeting with the zoning committee due to the variances that will need to take place.

It may work that way for you.. but in land development I would be shocked if the loan committee at that bank allowed 100% or 90% LTC.... out our way and what I do in Charleston I always need at least 30% cash equity.. plus I want it in there any way so I have a cushion.then my bank will want accelerated paydown on the lots..

As you pointed out in point #2, this is probably a very emotional time for the seller and if he ends up feeling like 'you pulled one over on him' it could end up with a phone call to the Ethics committee of your real estate board. 

Commercial loans are also a far different animal than a convention loans, aren't really resold in the same way, are often carried/held by the bank, so requirements for their loan committees can differ.  

Bank regulators will insist on compliance and it won't really matter what a loan committee thinks for a violation of state or federal law.To my knowledge, there are no loan underwriting requirements that contradict any state or federal law, and there won't be, since state law trumps underwriting guidelines.Since government loans are usually sold with servicing retained or released the effects of various loan risks with a portfolio lender will not be as important, even if the bank is fueling the area.

This is quite advantageous versus going through an entire loan committee process or underwriting process.HML's on longer term investments are not a good idea, but for short term flips, rehabs, or for the initial purchase, they can be a very strong tool.