It’s a newly renovated 3-bedroom, 2-bathroom home, just one block from the ski slopes and four blocks from downtown.The current owner has been renting it out for $30,000 per month during the peak winter and summer seasons.

They apparently don't use title and I do have one. 

In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!

I will still sign up for it as it seems to be one of the main sites dedicated to traveling professionals.

Charleston (in my biased opinion) is one the best places to live in the country.

If your state is an expensive one it might be cost prohibitive to have an LLC for a small rental business.

I would recommend against being the GC unless you are confident of doing more than one effort.  

So, Anca, your parents can 1031 from one property into more than one. 

Depends on the brokerage you have, but the one we use currently has a rate at 5.83% at 50% LTV.

That does not mean you are getting the best one unfortunately.