Gramiccioni said.Biello offered to help a Keansburg man refinance, but actually took the man's credit cards,made fraudulent loan attempts using the man's identity, Gramiccioni said.Biello engaged in similar activities two other times.Biello used fraudulent documents in a short sale 

., property appraised for $475k so we pulled 70k our by refinancing into a 30yr @3.75% with a principal+interest payment of $1600 + 300 for taxes and insurance and rented it out for $2500/mo, renter pays utilities, we manage the property, new loan amt is $340k.Other identical townhomes in our development and others like it have sold for $600k, so I would say that I could conceivably sell the home once the current lease is up and walk away with $200k factoring in all selling costs.I expect that we will be able to raise rent to 2700-2900 in the next 2 years or so and possibly up to 3200 in 2021 as there is a light rail being constructed that will drive a lot of demand from people commuting to downtown seattle.Specific Questions:Since I refinanced and took my initial investment out of the property, this seems to skew all of the standard evaluation metrics (IRR, Cap Rate, etc...), if I factor equity into the equations this looks like a terrible return and if I don't its a great return. 

If the units are identical and you're going to live in one and rent the other then it is really two pieces of property for 1031 purposes - an investment property and a primary residence.You can absolutely use your 1031 exchange to purchase the investment portion of that duplex.  

They were created for identity purposes and technically, you are not required to use your social security number for building credit.

Bill if you have 2 identical homes sitting side by side both priced at $250 but one is listed as a short sale which one do you think your RETAIL buyer who wants to close in 30-45 days is going to pick.

Allows us to define MF property types,  # of units, market value, and equity % just like we do with the data on SFRs.BRAND - When you have a brand that is all about buying houses, you have a challenge when going after MFs regarding your identity.  

In any settlement make sure the legal descriptions are identical, letter for letter, number for number, on deeds, title insurance, mortgage documents and releases if any.

Only a CPA/attorney can tell you what the best structure of your business is.The best reason is generally that LLCs are easier to manage from an accounting and legal standpoint than a corporation, but from a tax standpoint, they can be treated identically.

But let's say for different investments with an identical risk profile, how do you arrive at an IRR that says "yes this will make the investors happy"?

We're seeing Average Days on Market figures remaining nearly identical to last year at around 60-70 days.