"A lender may not exercise its option pursuant to a due-on-sale clause upon a transfer into an inter vivos trust in which the borrower is and remains abeneficiary and which does not relate to a transfer of rights of occupancy in the property." (12 U.S.C. 1701j-3(d)(8)..[5].)

We had one applicant who wanted to be upstairs due to wanting to get more exercise, but they normally applicants don't verbalize their preference or why.Different people have different opinions, but we decided to make the entire property no pets due to the up-down nature.  

HOWEVER, this option shall not be exercised if such exercise is prohibited by law.This has all been sent to my attorney for review. 

Even through a refinance in the middle so you don't slow your model down much.Or a very interesting exercise would be to pro forma your taxes at ordinary income with the 20% pass through deduction vs cap gains vs costs of holding and 1031ing.

This was a practice exercise. 

I got exercise at the same time and quickly figured out not all locations are equal.

Not worth the exercise.      .  

It's always a fun/good exercise to run those.

This would be a fun exercise for all of us if you are willing to share the address.

He will want it done to avoid damaging it during his construction or the possibility of it failing on its own and our need to exercise our right to dig it up for replacement.