And so many other factors, that are currently being considered, can have a huge effect on profitability.Since nobody knows what the future holds, the best plans are to prepare for tough times, don't stretch yourself too thin, and be prepared to grab great deals if they appear.

The issue you have is that it doesn't appear that you have an investment property if you are letting a family use it rent free.A 1031 exchange requires the property that you are selling to be an investment property.best of luck.

But they appear to be suggesting that you're paying retail. 

What I can say is your property 2 does not appear to be an investment property (it should be purchased for owner occupant) and that you should be able to do better. 

It appears some folks are confused about the way this coverage typically comes into play.  

I have tried to find potential syndicators by literally tracking down who bought apartments that I see clearly have new owners... but in each case, to date, the new owner appears to not be open to outside investors (and so far no local outfits), so that's not working out.

The benefit of using DSCR style loans is that they typically do not appear on personal credit reports (unless there is a default).

@Cali Skier as @Greg Scott mentioned, there doesn't appear to be a lease violation.You could try to be more aggressive about an early termination.Otherwise, just be aggressive on future nonpayment issues.

The risks are:- non payment by buyer and must foreclose- lender calls the note dueThe answer to the 1st is to make sure there is a good down payment so dollar wise this does not harm seller.The answer tot he 2nd is to use a land trust and appear Garn St Germain compliant.Just my 2 centsAlan

Appears best way for me to reduce my commission costs is to reduce my Roth balance by 10% each year.