I am planning to buy a house in Bronx, close to the city, I found a single family house 1 and 1/2 bathroom, 3 bedroom, finished basement, garage, and yard,The house looks in really good condition, I already made an offer for 570.000, in melrose Bronx, I know this is not a safe neighborhood, but I do believe the house will appreciate and also I think I could easily rent it since it’s close to the subway,What do you guys think, will a house in melrose Bronx will appreciate it, taking into account it is close to projects and it’s in melrose? 

I'm not experienced (yet) on the real estate side of tax accounting, but from a business perspective I can safely say that a good accountant that will give the best advice is not going to be the cheapest one.

Depending on the lender and the product if it is non-comforming you may not need to wait that time and you may not receive a LE or CD, but still most lenders will have it as a standard practice to be safe.

We have MANY fail safes built into the operating agreement that would help prevent what you are going through.

In my head it’s a 1031 into a nice safe property with a hefty down payment.

I'd also remind them of things to do to keep it cooler in the unit (open windows in the evening-if it is safe to do so, and early morning to let in cooler air and let how air out) and keep curtains or blinds closed to avoid sunlight coming into the unit (ie when sun is shining on that part of the building).

I'm looking for a safe place to park cash long term with great cash return, so I'll explore ADU's more for now. 

It is ideal in highly desirable city limits such as Tampa or a place like Austin Tx where people need something affordable and safe but want to centrally located.

In some states, if you are originating a loan on a residential property, it doesn't matter if it's your own money, you still have to be licensed under the SAFE Act.

Is Mira Mesa a desirable and safe area to live/rent?