But it does give you what you will need to cover.Also, in MA, it is customary to use an Offer to Purchase, and move to a Purchase and Sale contract subsequent to execution of the offer.

Nevertheless, I was hoping to cash-out refi subsequently (to pull out my rehab costs), so the appraisal dilemma may hinder me from pulling out as much cash as I'd like.

Once you close on the property, deed your rental to the land trust and subsequently assign your beneficial interest to your LLC.If properly set up, neither your trust nor your LLC will require a tax return.

He subsequently told her to give me his contact info.

I agree Buyer is entitled to any profit that may ultimately result from the subsequent resale of The Property. ________ 15.

@Cory Mccarthy  all sectors crashed.... new construction  buy and hold , lending it was across the board.Now I know this site is primarily a buy hold /  specific areas got hammeredJust ask the new crop of apartment syndicators they got smoking deals on units because people lost jobs and could not pay rent.Ask anyone who owned units in Vegas or PhX when construction cratered and half the renters left and went back to Mexico  Buy and hold on its face does not insulate you from an epic crash like that one.In some markets it probably did and defiantly for the higher grade assets.. but remember this was also a job loss issue.

But someone who has owned a piece of investment property (even one that accompanied a primary residence with the intent of holding and subsequently does only the minimum necessary to spin that off from a primary residence and intends to buy more property to hold for productive use would stand a good chance of doing a successful 1031.  

The clerk takes out their 1.5% fee, plus some misc fees, and you get credited the rest when it eventually sells at a subsequent auction, some how.  

My concern with the personal line of credit would be that I would go over the 30% usage of my credit and subsequently hurt my credit.  

This issue combined with an unrelated bad investment and her husband's medical issues and subsequent job loss - it really was a perfect storm of crappy things for her -  and she ended up declaring bankruptcy and sold her properties (she only had 2 besides her own home).