Note: If the tenant chooses not to pay the rent increase he should continue to pay the regular rent and be prepared to pay the full amount of the rent increase if the court rules in the landlord’s favor. 

My second thought was in regards to how I could add value to a firm that would be gracious enough to have me around, as this comes up regularly in the podcast. 

Something else to keep in mind is a LLC does not provide absolute protection so you still need to take other measures to protect yourself like insurance, umbrella insurance policy, trusts to help further hide your identity, don't use your name and home address as the registered agent for the LLC. 

Then analyze it as a 5 unit property with a Commercial loan on the regular Rental Calculator.  

I think if you have a regular homeonwer policy with enough liability coverage you should be good but definitely check with your insurance guy.

But of course, all the other regular bidders realize this too.Also, make sure you get a search for mtgs/liens by legal description also, not just by the owner’s name search.  

If you did Not do a 1031 at all, I don’t see where the concept of boot comes in.....you pay your regular cap gains and dereciation recapture just as if you never heard of a 1031, but only a year later, in your case, I believe.Where is that Dave guy anyway?

When you have a hot-water system fired by a boiler, typically the boiler can last practically forever with regular maintenance.

An experienced California developer will probably make more than a Chicago developer on a regular basis given home values.

I think contact a mortgage broker makes a lot of sense for us right now, and regular banks as well.