This means the loan value will equal the property value and your mortgage payment will be high.

The ban in Asheville proper started in 2016 though, and we don't seem to have more affordable housing as a result.

If your exchange is not done properly or your funds are not safe you are going to kick yourself for trying to save $500. 

Jimmy,You need to show (2) years of 1099 SE income in order to use FHA, or traditional financing to get approved for a mortgage.

Mortgage Broker/ Bank/ Hard Money Lender – Someone that has experience working with other investors.

The bottom line is this: Concealment is not asset protection, proper (time consuming and expensive, I know) management, and good, prudent, practices (ditto), WHICH ARE ADHERED TO, and insurance (expensive), are needed for asset protection.

BUTTTT there is sooooo mcuh garbage out there that you'll have to sift through to find the gold and then you have to learn it, put it in proper order, THENNNN take action. 

Consider different strategies like mid and short term rentals as I believe the Portland area would allow for success in both (although I have heard Portland proper is tough on STRs).Best of luck!

I underestimated utilities in my early years, so I ensure those are properly captured (electricity, gas, water and trash).

If you used a loan to rehab your property and find yourself in a difficult position, doing a straight refi (just paying off the old mortgage) will be easier than trying to pay off the original loan and take additional cash out.