•There are also numbers of different guidelines that you need to follow when it comes to the 1031 Exchange.

The law imposes specific rules to protect buyers, and here’s how you can stay compliant:1.Understand the Rules•If you’re financing to consumers who will live in the property, you’re required to follow Dodd-Frank guidelines.

The Pool Shell Is In and Concreted. 

The way the guidelines are written is that you have to intend to occupy the property as your primary residence when obtaining the loan, and this is generally demonstrated when you live in the property for at least one year.

I am into my 3rd year waiting on both properties with zero help, always you say you are available but what is the point when there is no concrete update or help to expedite knowing we trusted you going into these properties.

Concrete pad and cinder block walls.

They loosen the guidelines last year and made it much easier to get ADUs permitted.The other major risk by not permitting is if you decide to get it permitted later on, it is likely going to be more expensive.

But at turnover you needed better paint and change out window coverings almost always.. change carpet every other tenant.. glad i had concrete floors in the main living areas..

DSCR has other guidelines, but generally the same rules will apply more or less.

I use the 1% rule to quickly assess if a property is likely to generate enough income to cover its costs and potentially provide a profit - it's a guideline - so, don't miss out on good investment property by being rigid when applying the "guideline" to rental properties.