Bought undervalued (market value of 265k); refinanced about 1 year later to contribute to next property purchase.

Most DSCR programs will want you to have owned the property for more than 6 months to allow you to use appraised value instead of cost.

In your case, changing the property from a rental to your primary residence constitutes a change in use.The depreciation recapture will be calculated based on the fair market value of the building at the time of conversion, not including the land value.Since you're tearing down the existing structure, the entire amount of depreciation taken over the past two years will likely be recaptured, as the building's value at conversion will effectively be zero.The recaptured amount will be taxed as ordinary income, up to a maximum rate of 25% for residential rental property (Section 1250 property).

It’s incredible what you can accomplish when you focus on creating value and solving problems in real estate.

Despite the guru fed “misinformation” about all these under market price deals, they are actually very rare and require (1) the investor recognizing value that the seller and the rest of the market misses or (2) a seller with a need for an immediate sale and a buyer with the CASH immediately available to conclude a very quick closing usually forgoing inspections, financing, and other contingencies. 

You're right there that's not a single platform that does everything but I feel like Baselane comes close to it.

If anybody local (especially other wholesalers) or anybody else even out of my market wants to connect, feel free to reach out!

When that 500k RE value goes up only 5%, you now have 525k in value. 

We consulted with a designer once, but saw it as no value based on what we had already done ourselves.

But it shouldn’t feel like a fight.