However, it presents challenges like time, complexity, capital tied up, and loan-to-value considerations.

One of the key features of the FHA loan was the Self-Sufficiency Test, which helped keep prices in check.

The property features two 1,400 sq ft suites on the main level (one currently leased) and over 3,000 sq ft on the upper level, with 750 sq ft already occupied, 3 small office spaces (+/- 250 sq ft each), and a basement tenant with 1,400 sq ft of storage space.The building generates $6,000 in monthly gross income from its five tenants, but with full occupancy and market-rate rents, it has the potential to bring in $10,000+ per month.Given its historical significance, stunning architectural details, and location, I’m curious about your opinion: Would this property be more marketable for sale with or without the current tenants?

As far as insurance, as you probably know, it can be complex. 

This might be due to subsidy or assistance programs where payments are deferred or not required under certain circumstances.Verify Loan Terms:Contact the lender or servicer handling the HUD loans to get a clear understanding of the terms, especially regarding interest, payments, and any special conditions tied to these loans.Consult a Real Estate AttorneyGiven the complexity of dealing with multiple HUD loans and the potential implications for your “subject to” deal, consulting a real estate attorney or a knowledgeable real estate professional is highly recommended.

The bank relationship is one I cultivated over many years and now lean on heavily for my more complexed projects.

Reverse 1031s are doable, but expensive complex.

TheCapitol Hill Seattle Blog recently reported that CommunityRoots Housing, an affordable housing developer, is in the process ofselling six apartment complexes.

(In other words he owns about 30 units of a 100 unit condo that he runs like an apartment complex. 

Tax on net worth is a complex topic.