Does the 1031 get tricky to pull off with having to match up the timing of buying and selling? 

The owner now has "cannibalized" with this REVERSE MORTGAGE LOAN all of those sums and is NOW maxed out with the $700K being pulled out.

We have to manually log the issue/damage, then enter each bill once we've done the work, then we have to track whether the tenants reimbursed us or not, then we have to pull together the water bills from another expense tracking sheet, and then re-organize everything per property or per tenant to be able to generate a summary report (which we are required to provide to tenants).

If you decide to pull the trigger and sell this property I would be interested in a potential sub2 deal.

Just make sure they lock your rate upon pulling your credit, if they float the rate then go elsewhere, as that opens the door for a bait and switch.

You would then periodically pull the ap up and "swipe left of swipe right" for business or personal trips.

It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further. 

We pull a list of cash transactions from people who own 2 or more properties from BatchLeads.

The only rule that has changed in the last 18 months is the seasoning requirement, which is a lending name for waiting period, to be able to use an improved value to pull cash out has gone from 6 to 12 months.

I pull out most of the surplus cash from the operating account and put it in an account owned by the same company but in Bank Y.