If they want 78 degree temperatures with windows open they will likely have monthly costs of $3-400.

And further, if it's the tenant who decided to stop negotiating in-house, why would any of that cost be on the landlord?

Typically it will cost a point but it’s better than hitting maturity and then have default interest kick in.

Both seasoned and new real estate investors have a powerful tool: the 1031 tax-deferred exchange.

You CANNOT depreciate the house if it’s for personal use, ONLY if it’s a rental use.So I can still depreciate the house, write off items I buy to furnish the home, maintain the home, and any costs associated with running it as an AirBnB when I am not using it for personal use?  

If the 7% has no points and the 6.75% has 1 point in cost, then you would have to go back to me and ask me what paying 1 point in cost would get you as a rate, and that number might be 6.5%. 

3) assessment fees and costs?

The 30% structure ratio doesn't cover cost of replacement of structure/building and really limits my depreciation.

I'd be happy to help you with that and also run you through closing costs here in the city of Chicago as well.

For personal expenses, like medical bills or living costs, you would use the funds you’ve drawn from the LLC after they’re in your personal account.