One is a duplex that will be held long term and another is a sfh to flip.

Some people will give the Seller 30-60 days extra where that is held in escrow - but the truth is that if you are clear and up front with them when presenting the contract, it won't matter and is not necessary.Finally, the reality is that if you do proper diligence and have a reasonable feasibility period (e.g. 2-3 months is standard for any commercial property) then you will be fine. 

Hello BPs,Does anyone recommend a bank/lender in PA who can do Line of Credit on an investment properties held under LLC?

For all you seasoned and experienced investors who have bought and held SFR properties for a number years:I'm trying to see if I'm on the right track for estimating long-term expenses for SFR.Background: Purchased first SFR last year, ~2,000 sq ft, built ~1985 in our local small East Texas town (slow appreciation) in a pretty nice neighborhood.

Sometimes if people do not like the evaluation then they can try and stiff the appraiser with paying for it.With an appraisal for a bank, construction loan,etc. the appraiser has standards to meet and can be held more accountable so those reports tend to hold more weight on accuracy although an appraisal is just an opinion and not an absolute.No legal advice given.    

If you simply don't send them the right financial documents as agreed upon in the loan agreement, you could be held personally responsible. 

Looks like its held at the courthouse on 720 9th St.

It is being held by an exchange company.

Your tax liability would be based on your cost basis and how long you held the asset (i.e. short term versus long term), and any mortgages and liens (refi, heloc, or otherwise) would have to be paid off in full at closing if you sold the asset. 

I currently own just one Quad-Plex which is held inside an LLC, but plan on building my unit counts going forward as I learn and grow financially.