From what I hear it is low, but still there.Keep in mind your loan will likely get sold, so you need to do more due diligence other than what a loan officer is telling you.

Here is a critical item I ran into with other properties: Avantstay has a vendor to take out and bring in the bins.

Purchase price: $160,000 Sale price: $170,000 Contributors: Peter Vekselman Partner Driven and Jamari Sprueil secured this Dover Ct property in Riverdale, GA, for $160,000 and successfully sold it for $170,000 on the same day.

So by spending $42k I collected an additional $75k over 5 years, and then sold the furniture through a consignment store collecting $8k as my share.  

If anyone has done this type of project before and has a detailed/itemized breakdown of project cost (invoice), I would truly appreciate if you can provide me with a copy and any guidance.thanks!

If you stop at the 10 to 20mm range (or less) you can rent/hire most of the luxury items you  ever want, with no commitment, travel the world (if that's your thing).

The exchange entity must remain the same, meaning the ADU ownership should mirror that of the relinquished property.Construction exchanges require improvements to be completed within 180 days, and the total value must match or exceed the property being sold.

I sold out.

The foreclosure attorneys discovered that property deeds were sold without my knowledge, and the new LLC owners could not be contacted. 

Since your condo is being sold to an unrelated party, that part of the exchange is fine.