It can just be held in a savings account, no special account needed, but I always keep mine in an account separate from anything else.

You will also need to have a US Bank account.  

In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!

You could also add cash to your exchange account to reduce the debt replacement if you wanted. 

Hi Jessica, I would suggest getting a propstream or any other lead generation account, finding cash buyers who bought similiar properties to yours in the last 3-6 months in the area of the properties you are looking to sell, skip trace then cold call or cold texting the list. 

A good accountant can determine how to account for the 70k received in the best tax advantaged way that makes sense for the transaction.

Talk to accountants before trying this.

You can cover the wire mesh with drywall patches (they tape on wall and across the wire, white/paintable, different sizes) as the wire mesh is what will prevent the rats from eating their way into the property (the covering material is cosmetic only).

I don't know if varies based on the size of the note or not.

It would be far simpler to put the $500,000 in a bank account owned by the LLC and you immediately own a fixed percent.