Will the bank allow me to refinance the property again to tap into equity after the repairs and new appraisal?

If you are successful, you should have profits to pour back into the next project.

Could you send me your email (feel free to format it like “name [at] domain [dot] com” to avoid filters), and I’ll send you the link directly.Also, I’d love to hear more about your background:How long you’ve been in property managementIf you’re currently involved in multifamily investments or looking to expand into that spaceWhether you’re exploring tools for your own portfolio or considering something broaderLooking forward to hearing more and seeing if there’s a fit!

Again, that’s all fine just so long as you know what you are getting into.

@Lincoln Waite Here is a great example of over complicating things into a net loss. 

Quote from @Brian Dela Cruz: @John ChapmanTypically, this would be treated as a sale, unless you reinvested the insurance proceeds into another rental property within two years (by either rebuilding or replacing), you can defer the tax under IRC Section 1033. 

I would like to 1031 exchange these properties into investment properties in South Carolina.

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

@Tonya English @Chad Runken VIP member here as well,  coming into month 4.. sounds like we are seeing similar results.

If real estate is involved, separating it into its own LLC before the sale can simplify the process and make it easier to leverage a 1031 exchange.This post does not create a CPA-Client relationship.