Quote from @Marcus Welson: Hello everyone.I'm trying to breakdown how an IRS 1031 extension notice applies to a 1031 exchange.

By the way, 3 of the 4 have been rented since I owned the property so yes I suppose the 75% rule could apply then.

I am not familiar with Las Vegas rules but most platforms won’t let you apply for a permit unless you are on the title of the property, then you will need to furnish the property after closing unless you are purchasing a property that comes furnished.

FHA loans include oneproperty per FHA loan, owner occupied for at least 1 year, and can apply for new FHA loan in 2years.

They can claim business overhead expenses, and they must file 1099s.REPS determines whether the resulting losses can be applied against your W2 income or not.

I could posibly see having a second for the STR vs LTR and keeping STR in one over the other. one asset for one LLC really only applies to commercial not single family

Don't know if any of those apply to you or not, but good to check with your lender today and get them to run your credit so you know what your targets are. 

The renovation costs may include a contingency reserve and renovation-related costs.Contingency Reserves:Contingency reserves 10 % required for any unforeseen cost overruns that may occur during construction.Unused contingency reserves that were financed into the loan will be applied to the principal balance of the loan.

you mention applying for a loan …..does this mean you own a home and were  trying to refinance it  ? 

If I am applying for a mortgage for anything I have to self-report these loans.