Owner occupied loans have allowed us to purchase properties in markets with heavy appreciation, and potential for huge rent increases.

On the other hand, if the sisters came in and took all his stuff and he had not given you permission, you are liable.One potential solution if you end up having to go through eviction is to tell the family when the constable / sheriff comes to have their stuff removed. 

A good mentor will help you evaluate things and identify potential hurdles before they come into play.People fail because they think it's easy without understanding what the difficulties can be.

Of course when doing the 1031 exchange your basis will carry forward into your replacement property.Where you have a potential issue is establishing your intent to hold those properties but immediately selling one or more them as soon as you have them ready. 

Plan for a smooth transition: Respect the notice period and prepare for any potential disputes.

I decided to look into an official duplex or triplex putting 150K down that has value add with renovations and potential unit add but it wont have as much equity because it will be an on market deal. 

And we still see cash flowing deals here and lots of appreciation potential.

My focus is on uncovering properties priced under $800K with the potential to gross six figures annually.

Many cost segregation study professionals will offer you a free quote on the cost of the cost seg study specific to your property as well as the potential tax savings.HOW LONG DOES A COST SEGREGATION STUDY TAKE?

It’s easy access to the other neighborhoods   Lots of potential development space for bars and restaurants   Lake effect brewing is dumping money into a brew pub.