Loan products that are NOT going to be sold to Fannie/Freddie can make up their own rules.

Investors who own this kind of product elsewhere in the country are also welcomed to chime in, as I'm sure everyone is experiencing these issues to some extent.The biggest pain point I have been having with my underwriting on this asset type is insurance.

While the deal is centered around wealth and asset management, real estate investors should be paying attention.

Intangible assets like goodwill or tangible personal property (e.g., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.

ARM products today are different from many of the products issued in the mid-2000s.

It may also be because it is a riskier asset type, may be harder to foreclose, etc..

There are many other options as well including some that are included in property management software products. 

You know, like any other INSURANCE PRODUCT.  

Your 1,000 shares would carry a value of $13,670.00 as of January 1, 2021.Our price per share is calculated as follows:Total value of all assets (LESS) Total Liabilities (EQUALS) Net Asset Value (also referred to as Net Equity).Net Asset Value (DIVIDED BY) Total Number of Outstanding Shares (EQUALS) Net Asset Value Per Share (aka Net Equity Per Share or Book Value per Share).Our Net Asset Value per share becomes our new stock price per share.

Kisaki, you want to utilize a hard money or Bridgemount product to acquire the property and finance the renovation budget.