In the latter case, I would still use QB to enter info provided by the 3P servicer and to maintain my general ledger for the lending business.

You'll simply sit vacant for a few months, lower the price then get a tenant.

I think it’s a more recent consideration (maybe in the past decade or so based on my digging / anecdotal feedback) and perhaps some of you that have been in the business longer and simply renewing old policies may be getting a pass.  

So if the LP's have enough cash they simply pay the loan off and own it free and clear.. but the size of the deals are so large raising cash to pay off debt simply is not realistic at all so if the property goes into default your junior position investors find themselves wiped out.Further more thats why a debt fund like Chris has can be a good choice for the very conservative investor..

I wouldn't mind jumping a quick call for questions or if you simply want a demo of how I have it set up and how easy its been!

So there might not be enough gain to need a 1031 exchange.If there is enough gain to justify the 1031 exchange then simply treat your replacement property as you would any other investment like @Daniel Osman said. 

So Agree Jeff many simply have no basic manners. and that can be from a texting society where brevity is all they know. 

Here’s a quick summary: I’m retired but finding myself needing to re-enter the workforce.

Another solution is to simply list it as an STR and say "contact host for long term rates".

I would also INSIST that the seller have independent legal representation before I entered into a contract with an owner occupant.