We put them to the test with an office warehouse 3 building 40,000 sq ft syndication 2 years ago and they performed as they stated.When utilizing local lenders who keep the loan in their portfolio, you CAN negotiate on rate BUT I find it much better to pay 1/4 to 1/2 point above the absolute minimum and obtain these other advantages instead.  

Here’s a quick look at the top five benefits of utilizing a 1031 exchange.1.

What strategy are you planning to utilize?

Purchase price: $98,000 Cash invested: $15,000 I purchased a duplex in Milwaukee as my first rental property, utilizing a conventional loan with an 8% fixed interest rate.

I make $3000 renting it out, the mortgage is $1500 plus the utilities so I am profiting $1000/mo.

Tenant pays all utilities but garbage.

Hi Sherrie, There may be a few routes for you to best utilize the equity in your current home. 

In terms of debts, I agree with @JoeHammel - A title company is the best resource to check on all liens which could be contractor, IRS, bankruptcy, local utility bills or property tax, child support, etc. 

Can you please shares insights on the cost structures with respect to the various taxes levied and cost to run (cleaning, handyman, utilities etc).

They had no clue why and found out through their neighbor that the utility water meter was leaking.