As you said you did a lot of reading you can go back to the books, etc and check your list against what is there.Keep you first deal or two very simple as there will be plenty of things that pop up as it is.Like riding a bicycle you just need to start out to get the hang of it.John Corey

Hanging out here I may wind up with an even bigger vision and access to the people to help make it possible.

There is alot unknown that needs to be clarified before answering "why can't they just do it as a investment property @ 90 LTV"---things like how you are going to document income/assets, FICO, cash reserves, # of properties owned/mortgaged to name a few...I suspect that it is not your intent to occupy the 2nd unit as Wells Fargo suspects and this is where the FRAUD comes into play---if you intend to rent out both units and claim otherwise, the doc they want you to sign could serve as the noose at your own hanging.

I can do everything from digging a basement to putting on a roof but I have a more than full time job so I very rarely paint or put down carpet, but I always do my own tile and hang my own cabinets.

That makes it easier than someone who is looking to hang out the “gone fishing” sign for the rest of their life.

You must be licensed by the NASD (securities) if you are going to sell the securitized TIC investment property or you must be licensed by the state department of real estate (DRE in California) if you are selling the real estate TIC investment property. 1031 Exchange Options is one of the few TIC Brokers that requires its licensed registered representatives to be dual licensed, but it is not required.You might be able to get your securities license and hang the license with a broker dealer that will permit you to do both real estate work and securities work.

At that point he becomes a partner who knows how to hang drywall.

Maybe you fell a couple of times, but once you got the hang of it I'm sure you weren't getting nervouse everytime you got on the bike because you had the confidence that you knew how to ride it.It's the same with most situations in life.

If you're paying 15% on $210K, its costing you over $2600 a month, plus other costs to hang on to it.

Just have yet to run onto an explanation that really seems to hang together.Jon