Those numbers do not seem correct, unless you are using terms like loan amount of $104,000 is the unpaid principal balance (which is the amount that accrues interest), and the $270,000 is the total payoff.There are two components to a mortgage statement - the first is the reinstatement amount - this is the amount to bring the loan current.

Looking for any insight as I originally expected only to be total out of pocket under 5k, thanks.

I totally get your approach, especially after closing over 1,000 houses → your results speak for themselves.

Obviously we haven't held for even a full year, but an exchange intermediary told me there is no bright line test for holding.     

Spend more than half of your total working hours in an RE business in which you materially participate.2.

Obviously you would want both, but this is the real world. 

Totally get what you’re saying, Michael!

The closer to the river the better, obviously.

@Jerryian Francois totally agree. 

If you do fall within either, you are permitted to ask if an animal is a service animal, and (if it is not obvious) what task(s) it has been trained to perform.