Having a tenant in place also helps ensure you get the best loan terms.That said, you can start the conversation with a lender now to prep for the process.

Has owner financing come up in your conversations with your friend from church?

I’d love to connect if you are looking for more of a conversation or even just to have each other in our network.

I'd love to have another conversation.  

However, you can defer taxes under §1033 involuntary conversion if you elect to reinvest the proceeds into a similar rental property within two years (three years if the government condemns the property or threatens to do so, and four years for a principal residence in a federally declared disaster area).To reduce taxable gain, consider:Electing §1033 treatment and reinvesting the full $300K into a new rental property to defer taxes completely.Partial reinvestment, where only the portion not reinvested is taxable.Properly documenting all replacement costs and property details to ensure IRS compliance.Using cost segregation on the new property to accelerate depreciation and offset future taxable income.Since the §1033 election must be made, consult a tax professional to ensure compliance and maximize deferral benefits.This post does not create a CPA-Client relationship.

If the days are 1.75% over the average, I would have a serious conversation. 

What has been the conversion of those leads to signed opportunities?

Don't know how much renovations will really cost, again, either PM or GC conversations.  

A simple conversation about market trends or investment strategies can open doors.Follow Up & Stay Consistent – Raising capital is all about trust, which takes time to build.

It’s always a good idea to document the conversation too, even if it’s just jotting down the details for your records.If they don’t take the warning seriously, you’ve got options.