I have purchased an off-market property from an investor who now wants to sell the rest of his portfolio.

Remember, if you decide to sell in a few years, any bonus depreciation comes back as ordinary income. 

Hi Shayan, You will be able to close on properties quickly and have access to rehab funds immediately if you are able to qualify for a HELOC that can cover both the purchase and rehab.You should be careful though as if you cannot sell the property or you run out of rehab funding, you may end up being over leveraged.

If you don’t plan to sell the lots w/mobile homes is there a reason you have to split the lot?

When you go to sell, Montvale requires a certificate of occupancy so this issue has to be resolved in advance of a sale.Although I am not a lender, I assume you will not be approved for an owner-occupied mortgage on 5-units if it is a legal 4-unit without some type of mortgage fraud whether in reported rents, units, or another legal document or representation (very very large issue from a legal perspective with multiple arrests in the last year for anyone playing fast and loose).As far as the DCA, I would recommend coordinating your work with the city with the DCA.

I am selling the LegalShield small business legal plans. 

Blackstone just lost $1Billion selling motel6 to Oyo. 

Just another mentor wannabe trying to sell their services. 

If you are not attached to the duplex, could be a good time to sell to developers who want to convert to individual condo units.

If it is your primary residence as indicated, just sell it and skip the 1031I Persue all 3 payment options concurrently and see which pans out as your best deal.