But, do Not take the “free” title insurance...it’s not really free as their title co. adds a bunch of junk fees, and.....their title searches don’t include non recorded liens, and they will be excluded in the title policy.  

I had a chance to speak the gentleman who performed the pre-listing inspection a few weeks afterward and he told me that the real estate company who hired him to perform the pre-listing inspection excludes the roof, the exterior foundation, and a few other important items from his scope of work when he is working for them.

I was wondering if anyone who has done this can tell me if after comparing price per sqft of the building aspect of the project only (cost of land, environmental remediation, and demo excluded) they have found modulars to be a more cost effective way to go rather than stick built.

I.E. you would have to have the income, excluding rental income, to cover both mortgages.

Total Asking Price is 1.8 MillionMonthly income= $30,135Monthly Expenses (excluding debt service)= $15,003Would be looking at conventional financing of 5.25% over 25 years with 25% downOwner would also be open to seller financing

Net taxable from rental real estate is generally excluded from UBTI under IRC Sec 512(b)(3).There is a wrinkle -- if the property is debt financed (i.e. mortgaged), the income may be taxable under Sec 514. 

No protected classes being excluded.

@Joshua Herald, does the monthly income of $2100 exclude the unit you'll be living in?

@Kon Zel Only change to 1031's is it's only for real property now and personal property is excluded. 

@Ronnie GalindoIf you can wait another year, look into Internal Revenue Code Section 121 - exclude the gain from sale of your principal residence under certain circumstances.