CODE:(1) the term “due-on-sale clause” means a contract provision which authorizes a lender, AT ITS OPTION, to declare due and payable sums secured by the lender’s security instrument if all or any part of the property, or an interest therein, securing the real property loan is sold or transferred without the lender’s prior written consent; Please note: "AT ITS OPTION"

They missed the whole point that the reason the musical stopped before the resurrection was that if Jesus was meant to be a celebrity only, it would have ended there.

The funny thing is, that all these “Gurus†are playing the same tune using different instruments.

From what I have heard, the newly acquired property is the better one to sell from a tax perspective.Do you know anyone wanting an income producing duplex in Austin (a city with projected growth of 25% over the next decade, near a community college, considered the "north central of Austin", the "musical capital of the world")?

No telling where interest rates will be 10-15 years from now and your spread could get eaten up over time investing I fixed rate instruments with floating rate debt.

The seller will have a forecloseable instrument (agreement for deed, wrap, etc).Originally posted by Jon Holdman:If I were the private lender in this scenario and you did this I would foreclose so fast it would make your head spin.

I've gone back and forth over whether the Sch C was the right filing instrument to report income/expenses. 

Hey Ryan,How the music biz.

There is a clear difference between taking cash out before the 1031 (taxable boot or profit) and a refi which is simply borrowing against equity and paying interest on the debt instrument. 

I've found what appears to be a good property management company, so they would be instrumental in helping in that case.