Even if I take the 15% tax hit I would make $32,000/ year on the remaining $400,000.    

The canceling tenant remains responsible for rent, utilities, and other charges until a replacement takes over.

Since the original loan remains in the seller’s name, you may need a nominee interest allocation to deduct mortgage interest, as the Form 1098 will likely be issued to the seller.

Connecting with local GC groups in your area will help you connect with subcontractors, find out tips and tricks of the trade in your local area (since all areas and their real estate differ slightly).Also, have you considered the motivation behind building a brand-new duplex versus finding one on the market?

Pending redemption requests will remain in queue until the Company recommences the redemption program.

Stay motivated by setting goals and celebrating progress!

Both of the members of the LLC we are hoping to do the cash out refinance for are also LLCs if that matters, so it would be distributed from one LLC to another LLC to hopefully the members pockets.Want to make sure that the money remains tax free the whole way and we don't have any surprises. 

This is our "8 x 8 project" - there, I've said it out loud to remain accountable! 

I'm doing tpc compliant texting to motivated sellers to book appointments. 

Instead, start by sharing why you’re interested and ask questions to understand the seller’s motivation like, ‘Why do you think it hasn’t sold yet?’