In Spain too for new constructions per law but this is a rehab, so this rule doesn’t apply.

I recently applied and submitted all the required documents.

I called my guy and they applied the rate to my balance as a courtesy.

Took the annual income from those two trailers less $50 for water each and applied a 35% expense ratio. 

Also, especially in Near North, everyone we've had apply for the place loves that we are upfront/transparent and include parking and storage in our rental price since so many developers and larger buildings near us market the unit at one price and then when they find out it's another $300+/month for parking it's out of their budget. 

"Trust but verify" should be applied to every facet of investing and business.

It is possible to apply both the primary residence exclusion and sec 1031. 

I will outline the basics that apply to 1-4 Unit properties across most lenders. 1.

Again, discuss NOTHING else.Also, double-check with your agent/broker for any other laws that might apply in your state.Good luck. 

At the same time, notify both of them they they are free to apply for the unit individually.