I am looking to live here and eventually house hack so as this opportunity already has 2 trailers it seems like a great fit for me. 

I’ve never done a 1031 before and every Google search along the lines of “retroactive 1031 exchange” is about reversing the sale of a house you just bought, via a 1031.I’m talking about buying a house weeks before your old rental sells, and somehow having that whole transaction fit under one 1031 exchange.Last thing I would want to do is pay pay the new property’s downpayment in cash, and then turn around and find out it doesn’t qualify for a 1031 since I bought it before selling the first house, and then also having to go buy another house with the 1031 funds, and never recoup my own cash I used on the new rental.Hope that makes sense, I will be happy to clarify if it doesn’t.

Common locations for supply lines to fail are where male threaded galvanized pipe is threaded into brass or copper valve and fitting bodies  (due to galvanic corrosion)  and hot water lines will rust up so badly as to start restricting water flow or begin leaking a decade or two before the cold side fails similarly.   

Hi - typically Mixed Use properties are going to require a traditional commercial real estate loan from a bank, small balance commercial private lender or for the larger ones a CMBS style loan.However, a newer "DSCR Loan" product for Mixed Use is making a comeback - which is a really great option for smaller properties/more beginner investors since it has all the same trappings as a residential DSCR Loan (30-year fixed, easy qualification, straightforward process) for a property with commercial units.Generally going to be limited to 8 units max and has to be primarily residential in every way (majority residential by units, square footage and rents) but if it fits all that, its a great option

I believe that this would be a great fit for me as I aspire to find a new career field for myself.

I haven’t noticed that about Sean.Too many times I have asked him loaded questions which he had the answer for which fit today’s market.

You can use that money to put down on any new purchase the bridge loan is set up as an interest only loan for up to 18 months.You can also use a simple "Renovation Loan" to purchase a home or after you close but the renovations must fit into the new ARV/LTV.

I understand this is not a one size fits all subject... just seeing if anyone has any wisdom for me, OR, is in the same boat as I am.

There could be an option to use the BRRRR method and change it a little bit to fit your needs.

Hi Mark,Yup, this is a best fit for a commercial mortgage.