A 1031 exchange will allow you to sell your building and use the proceeds to invest in a small multi family and/or medium term rentals.

People reinstate the loans and do loan modifications all the time.

If you’re leading it to a company be sure to have in your lease explicit information about who is responsible for what in terms of maintenance.

I know it’s going to take a lot of digging and possibly building my own pipeline for off-market leads to make this strategy viable long-term.

Negotiation tip #47, make it as simple as possible for the other party to accept your terms.

Let's roughly say running electric line is $10kInstalling underground propane tank 1000gal is $10kWhat's your experience heating with gas vs electric in terms of warmth?

🫣Hopefully you will get a long-term tenant that will stay for years. :-) 

It was purchased from MLS as a long term buy and hold rental.

THe lender is a credit union and it is a conventional low rate loan.

Many older homes were built without closets.From appraisal today:"The Code refers to "habitable rooms" not bedroomsThe essence of the 2015 International Residential Code is that the code does not specifically use the term bedroom, but refers to all habit- able areas of a home.