The exception to this would be if you had multiple identical properties, which some people do.

(I have not verified it but never hurts to ask.)

@Daniel Duku The main things you want to look for is verifying the zoning via Philadelphia Atlas, https://atlas.phila.gov/, public records in philly are often incorrect.

There's one across the street at list for $383 virtually identical SF to you and it at least has the view of the little pond there.

My lender has also told me that although they will not allow a 1031 ex to be used towards a purchase on a primary residence(as we all know those are the rules), he also told me that they will NOT see the 1031 X docs and after funds for closing have been verified, they will not care where the funds to close are coming from.

If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.Our OPINION for the Metro Detroit market (always verify each area for yourself!)

I verified people would be willing to live in a space like this by making a Craigslist ad.

I have closed primaries for contract workers and there isnt any way around the verifying employment at the end of the loan process. 

If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.Our OPINION for the Metro Detroit market (always verify each area for yourself!)

One of the identical units a few doors down sold for $669k in December and we listed ours for $645k.