The answer is that if the lender that's doing the hard money loan is only funding the purchase and not the rehab, they then have less oversight of the project since they're not doing the draws, and thus not seeing the progress of the project and having control of the funds or draws from the rehab to make sure the project is progressing.

Louisville is part of the industrial corridor all the way up to Columbus, Ohio.

21 days after reading this post and taking action, I got my first booking.com guest, but for a stay that will be in May next year.  

It's not fully closed as in drywall, it's sort of a faux wall on our side, but the tenant could open the door on his side and come through if he wanted.

A 1031 must be for equal or greater value or the funds in excess of the value of the new purchase are taxable.

There are a couple more in the BP bookstore.

Wishing you the best. 

@Brittany Myrick Welcome to the New England area!

I've only evicted a tenant through the court system three times in the last ten years, but I remove about a dozen tenants every year outside of the court system, all legally.Any tenant can move out in two weeks.

I'm dipping my toes in and if all goes well I look forward to signing more properties over next year.