Lastly, I would review your current lease with your attorney and amend it to reflect the new commercial exposure. 

During the first 45 days make sure the paid items or items that have been paid down have reflected on all 3 credit bureaus before applying for loans.I hope this helps and have a good one. 

OMG another agent that does not know how to do adjustments to a CMA.Sorry Chris this is a pet peeve of mine and no reflection on youGo to your Broker or call an Appraiser and ask how much they would adjust for a bedroom,bathroom,1/2 bath fireplace, unfinished basement etc.KEEP THIS LIST IN YOUR WALLET, it is probably the most valuable document you will EVER have in your real estate career.Take an appraiser out to lunch once a year to keep it up to date

Please refer to other post, unfortunately can not edit previous post to reflect both properties

Please refer to other post, unfortunately can not edit previous post to reflect both properties

And you'll need the QI to be in place prior to close because there are specific documents and addendums needed to the closing statement to reflect the 1031.Regarding the gain/depreciation calcs those will be easily summarized by your accountant on the form 8824 that they'll attach to your 2019 tax return. 

Proforma paints you a nice, smooth picture that never reflects reality. 3% assumption is in line with inflation, so your rent will grow as long as there is inflation and (very important) that inflation translates into wage growth for your tenants.

So far after reflecting on the first draft of the card all day and asking for feedback from a few people here's what I already have heard-1. 

His rent price doesn't currently reflect it (as it should be more with parking). 

There was a bad reflection on him for how he handled the inspections and tenant management.