And they are not beholding to owner occ disclosures they can do whatever they want .. you either accept or dont close.He's taking a commercial rental loan made to his LLC.

Present it confidently; if they accept, great.

They will be one lease to a room.That being said, the nonprofit will be filling the house based on their need; I will not be screening nor accepting/denying applicants.

Of course, nobody wants to be the test case, but I've never heard of IRS treating money from a loan as income, ever.I think you would be better off with a long closing date on the purchase and sell your exchange property fast so you can do a conventional 1031, receive conventional financing with one set of start up fees/costs, etc.

That will change in 2H25 in a lot of markets.Expenses:  Leveling off and must be accepted as the new normal. 

Because only motivated sellers are willing to accept an offer below market value.

Ultimately it will depend on the property (banks perform stress test-debt ratio)-but I think 5 year term is what I found so far.

Matt,I believe I initially misread your post, please accept my apologies!

For this, I'd recommend being prepared with the terms you're willing to accept in such a situation and staying firm.

We made an offer (which was accepted) and ordered a home inspection.